Amazing Development Opportunity!

Vacant Land for Sale
Catylist Listing ID: 30209127
Property Subtypes: Multi-Family
Gross Land Area: 6.20 Acres
Sale Price: $1,850,000
Unit Price: $298,387 Per Acre
Sale Terms: Other
Last Updated: 3/23/2018

Overview / Comments

Golden opportunity to develop 78 units with VERY low land costs! This 6.2 acre site is ideally located just off Indiana Blvd. very close to restaurants, shopping and Lemon Bay. There are existing approved plans for a 78 unit project named Westgate Condominiums. One of the best features of this property is the horizontal engineering is currently in place, the cost of pulling and installing the water/sewer and life safety elements is valued at over $1,000,000. The property is very quiet and abuts a well maintained sub-division named Quail Run. The location is ripe for new development as the area has seen strong residential leasing and sales over the past 2 years.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0853120004
Zoning: RMF3 - RESIDENTIAL, MULTIFAMILY
Property Located Between: Located in the lot north of Quails Run Blvd., east of S. Indiana Ave., and south of E. Dearborn St.
Property Visibility: Excellent
Largest Nearby Street: E. Dearbor Street

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,707 20,553 35,026
Median Age: 55.19 63.17 60.63
Households: 1,931 10,818 17,716
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