Ellenton Outlets Development Opportunity - Hotel

Vacant Land for Sale
Catylist Listing ID: 30468835
Property Subtypes: Hospitality
Gross Land Area: 2.75 Acres
Sale Price: $1,942,500
Unit Price: $706,363 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2020

Overview / Comments

Hotel development parcel for a 105 room hotel. All retention will be underground, and parking will be shared with cross parking & cross access easements. 115 spaces are allocated for the hotel. Approved height is 52’ & an additional 5% can be approved administratively.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 812701009
Area Description: The property is located at the entrance to the Ellenton Premium Outlets. The 7.8+/- acre site is located just off US-301 and Interstate 75. The Ellenton Outlet Mall is the single biggest shopping destination in the area and attracts over 4 million visitors annually. There is over 500,000 square feet of retail in the immediate vicinity that draws shoppers from Tampa, Sarasota and Bradenton.
Zoning Description: Site approved for up to a 50,000 SF movie theater, 330-room hotel and 120,000 SF of commercial uses.
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,216 45,956 116,203
Median Age: 51.43 43.62 41.68
Households: 2,551 19,036 46,052
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