Overview
North Port Development Opportunity
This 31.8-acre property in North Port, Florida, presents a development opportunity at the junction of South Toledo Blade Highway and Price Lane in Sarasota County. The site has an approved permit to develop up to 269 townhomes, residential multi-family units, homes, or villas on 26.9 acres of a larger 60.3-acre parcel. This development opportunity is located in Activity Center 5, and it is the last eligible parcel with an approved market-rate pure residential Development Master Plan (DMP). An additional 2+ acres are approved for two mixed-use buildings, and another 2 acres are designated for a private clubhouse and amenity spaces for residents. The remaining 28 acres of the 60.3-acre parcel, not included in the approved DMP, can be used for affordable housing or other purposes. Several due diligence documents and reports, including thermo-engineering, technical, environmental, FBB, TIS, wetlands (approximately 0.28 acres of certified wetlands), and species reports, are available. The Acadia Health Center is located on the north side, built along Citizens Parkway Road (1,250 ft) up to the property's edge from Price Lane, with all utilities available. All utilities are also accessible from South Toledo Blade Highway, approximately 800 ft away. The surrounding area is highly developed. The north side borders Acadia Health Plan, while the area east of the property across Twin Lakes is developed with residential areas and a school. The south side features the Bobcat Golf Course and a gated Bobcat community, along with 24/7 medical service provided by Sarasota Memorial Health Care & ER. The west side includes Suncoast Plaza, featuring a mixed-use development with Flats at Sundown, Fire Stone, Wawa, and ALDI, among other businesses. The southwest quadrant of AC5 includes a Publix-anchored shopping center with multiple businesses, a Fifth Third Bank, Burger King, Domino’s Pizza, a 7-Eleven/Exxon gas station, and other establishments. The northwest quadrant is developed with Walgreens and Advance Auto Parts. Additionally, there are proposals to build a mixed-use mall on the remaining 100+ acres of multiple parcels. The northeast quadrant is developed by Kings Plastic Company.