834 Riverside Dr Palmetto, FL 34221

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.