Multi-Family Development Opportunity!

Vacant Land for Sale
Catylist Listing ID: 29998930
Property Subtypes: Multi-Family
Gross Land Area: 12.90 Acres
Sale Price: $625,000
Unit Price: $48,449 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2017

Overview / Comments

Incredible multi-family development opportunity in the rapidly growing North Port market. This site is ready to break ground and begin development! Buy this parcel now and get into this market before it is too late and rates start to go up.
Massive expansion and growth, combined with a limited supply of affordable housing creates an ideal scenario from a developers perspective. Similar developments are enjoying an average occupancy rate of 95-97%!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 1007001000
Zoning: PCDN - PLANNED COMMUNITY DEVELOPMENT
Property Located Between: Located directly off busy S. Toledo Blade Blvd.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,261 42,325 91,394
Median Age: 36.82 40.46 45.29
Households: 3,280 16,223 37,839

Source

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