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834 Riverside Dr Palmetto, FL 34221

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For Sale
$3,500,000

Prime 3.4-acre mixed-use development site in Palmetto, Florida.

Property size:
3 SF
Lot size:
3.40 Acres

Property Features for 834 Riverside Dr

General Information

Size
3 SF
Lot size
3.40 Acres

Source: Matt Fenske Agent Matt Fenske

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Palmetto Mixed-Use Development Opportunity

This mixed-use development site is located in Palmetto, Florida, near the Manatee River and close to beaches, cultural destinations, entertainment, and shopping. The 3.4-acre site is adjacent to ItWorks! corporate headquarters and across from Regatta Pointe Marina, restaurants, and shops. Development options include a boutique hotel, multifamily housing, office space, or residential condominiums with ground-floor retail and restaurants, all offering water views. A portion of the site will be used to construct boat trailer parking to accommodate approximately 20-30 spaces. The net developable area will be approximately 2.5 - 3 acres. A rezone to Planned Development Multi-Use (PD-MU) is expected due to the current split zoning. Residential density has been increased to 153 units through a recent Comprehensive Plan Amendment. The City of Palmetto and the Palmetto Community Redevelopment Agency are encouraging development in the Downtown Core by incentivizing projects that bring more activity to the area. Development incentives may amount to 8-12% of the total development cost. The site is situated on the Manatee River, near shopping, beaches, and recreation destinations, surrounded by offices, restaurants, a marina, and retail. It is located near ItWorks! global headquarters and a marina with 350 boat slips and multiple restaurants. Boutique shops and restaurants are located on a historic main street, and Sutton Park is also nearby. Downtown Bradenton, featuring an arts district, Riverwalk Park, diverse restaurants, and Manatee Memorial Hospital, is located south across the Manatee River. The southeast corner of the site is limited to non-residential uses. The property is centrally located between St. Petersburg and Sarasota.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Palmetto
County
Manatee
State
Florida
Longitude
-82.5739313
Latitude
27.5123395

FAQs

What type of property is this?
Commercial land - Prime 3.4-acre mixed-use development site in Palmetto, Florida.
Where is this commercial land located?
The property is located at 834 Riverside Dr Palmetto, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Prime 3.4+\/- acre waterfront development site in Palmetto, Florida, offering potential for a mixed-use project.; - Located in the heart of Palmetto, adjacent to ItWorks! corporate headquarters and across from Regatta Pointe Marina, restaurants, and shops, ensuring high visibility.; - Potential for up to 153 residential units.
More about this property
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