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834 Riverside Dr Palmetto, FL 34221

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For Sale
Contract
$3,500,000

Development site near Manatee River suitable for mixed-use projects.

Lot size:
3.40 Acres

Property Features for 834 Riverside Dr

General Information

Standard status
Contract
Lot size
3.40 Acres

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Listing Contact
Tony Veldkamp, Ccim
Tony Veldkamp, Ccim
Source: Corcoran

Listing Agency: SVN COMMERCIAL ADVISORY GROUP Listing Agent: Tony Veldkamp, Ccim

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

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Overview

Palmetto Mixed-Use Development Opportunity

This 3.4+/- acre mixed-use development site is located in Palmetto, Florida, near the Manatee River, and in proximity to beaches, cultural destinations, entertainment, and shopping. The property is adjacent to a corporate headquarters with over 200 employees and across the street from a marina, restaurants, and shops. The site is suitable for a boutique hotel, multifamily housing, office space, or residential condominiums with ground floor or adjacent retail and restaurants, all potentially offering water views. A portion of the site will require the construction of 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 on the site has been increased to 153 units through a recent City-initiated Comprehensive Plan Amendment that changed the Future Land Use (FLU) to Planned Community (PC). If a residential project is proposed, a mixed use component of retail, restaurant, and/or office space is required, and the southeast corner of the side is limited to non-residential uses. Development Incentives may amount to 8-12% of the total development cost paid back to the Developer.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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

FAQs

What type of property is this?
Mixed-use property - Development site near Manatee River suitable for mixed-use projects.
Where is this mixed-use property 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 mixed-use development site with potential for boutique hotel, multifamily, office space, or residential condominiums with ground floor retail\/restaurants and water views.; - Located steps from the Manatee River and minutes from beaches, cultural destinations, entertainment, and shopping.; - Adjacent to ItWorks! corporate headquarters (200+ employees) and across from Regatta Pointe Marina, restaurants, and shops.
More about this property
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