Development Opportunity In Path Of Progress

Vacant Land for Sale
Catylist Listing ID: 30007715
Property Subtypes: Multi-Family, Office, Residential (Single Family)
Gross Land Area: 12 Acres
Sale Price: $2,350,000
Unit Price: $195,833 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/10/2020

Overview / Comments

Be part of the rapidly developing Venice, FL area. Walking distance or a one minute drive to the recently approved Venice Regional Hospital site. Just minutes to I-75, all conveniences, the Isle of Venice, Venice Municipal Airport and the beaches. One of the last under-developed corridors in South Sarasota County! Though currently zoned OUE, these three contiguous parcels have great potential for commercial, OPI (office professional, institutional) residential multi-family, mixed use, etc. Future Land Use (FLU) is 'light office' and 'moderate density residential'. Additionally, there are industrial, commercial and institutional properties just minutes from the subject property.
Purchaser would need to pursue due process for final zoning/usage/permitting.
A 10 acre concept plan was approved by the Sarasota County Commissioners in 5/08. Additional 2 acres could also be approved similarly when applying for re-zoning. Historically, for over 40 years the property operated as a very successful tree nursery. There are two buildings on the property that could be retrofitted as part of a re-development.
Flat, dry land. No Wetlands!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: PID's: 0418040003; 0418040004; 0418040005
Zoning: CURRENT: OUE OPEN USE ESTATE. FUTURE LAND USE (FLU) LIGHT OFFICE AND MODERATE DENSITY RESIDENTIAL
Property Located Between: Mid way between Jacaranda Blvd and River Rd just minutes (2 miles) to either exit on I-75.
Property Visibility: Excellent
Legal Description: Easterly 127.65 ft of tract 147, tract 148 and 149 of Venice Farms
Largest Nearby Street: Jacaranda Blvd or River Rd
Feet of Frontage: 766
Airports: Charlotte Regional 20 minutes; SRQ 40 minutes
Site Description: Flat dry land, mature foliage, no wetlands!
Area Description: Residential, Houses of Worship, Institutional, Commercial,
Lot Frontage: 766
Lot Depth: 686
Zoning Description: OUE at present. Future Land Use (FLU) is light office and moderate density residential
Topography: Level
Easements: Utilities
Easements Description: Sewer on South side of East Venice Ave, Municipal water at Havana Rd and natural gas along East Venice Ave
Soil Type: Mixed
Available Utilities: Electric
Water Service: Other
Sewer Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 908 26,280 64,867
Median Age: 48.51 63.58 60.46
Households: 342 13,383 32,557
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