Payne Park Vilage

Vacant Land for Sale
Catylist Listing ID: 28225962
Property Subtypes: Hospitality, Office
Gross Land Area: 0.88 Acres
Sale Price: $1,150,000
Unit Price: $1,306,818 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2017

Overview / Comments

Fully Entitled for 100 room Hotel or multi-story Office Building on 1.34 +/- Acres

Parcel is part of Payne Park Village "PPV" a mixed use project overlooking a 32 acre park and recreational area known as "Payne Park" located in the midst of Downtown Sarasota.

The Subject Property has existing permits in effect through 2019 with entitlements for a 100 Room Hotel or multi story Office Building

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Submarket Type: Historic District
Taxing Authority: County of Sarasota
Tax ID/APN: 2029-060-030; 2029-110-045
Zoning: DTE
Market Type: Medium
Property Located Between: South School Avenue & Novus Street
Side of Street: East
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Ringling Boulevard
Transportation: Bus, Shuttle, Rail, Highway, Airport, Taxi, Water/Ferry, Other
Highway Access: Fronts on School which connects to Ringling Boulevard
Airports: srq
Area Description: Heavily residential with neighborhood retail and fronts on large city owned recreation park.
Zoning Description: DTE Downtown Edge
Part of Planned Development?: Yes
Development Name: PAYNE PARK VILLAGE
Topography: Level
Easements: Ingress/Egress, Utilities
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,442 88,824 168,570
Median Age: 43.34 45.57 48.02
Households: 7,534 39,785 77,540

Source

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