Sarasota Multi Family Land near UTC & Benderson

Vacant Land for Sale
Catylist Listing ID: 30097023
Property Subtypes: Multi-Family
Gross Land Area: 4.70 Acres
Sale Price: $2,400,000
Unit Price: $510,638 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

Well located fronting Cattleman Road in the development/traffic path of
UTC and Fruitville
• Present owners successful rezoned the parcel from OUE-2 (1 unit/2 acres)
to RMF-3 (13 units/acre)
• Site presently encumbered by one 2,310 sf 4BR/2BA home with rental
• Property has non-binding site plan approval for 60 units
• At just over $500,000 per acre, parcel priced competitively for the
surrounding area
• Priced at $40,000 per developable unit on a site that allows for excess
green space and nature
• Precast Concrete Interstate Sound Barrier Wall is in place providing peace
and tranquility while maintaining the convenience.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0037090013
Zoning: RMF3
Property Visibility: Excellent
Largest Nearby Street: University Parkway
Airports: SRQ International

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,886 42,940 153,832
Median Age: 46.96 49.3 47.8
Households: 2,277 19,611 68,238
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