6755 US-301 Ellenton, FL

This 11.1 +/- acre site in Ellenton, Florida, presents a waterfront development opportunity. The property comprises three contiguous parcels featuring over 600 feet of direct water frontage on the south side along the Manatee River, nearly 700 feet of canal water frontage on the east side, and almost 1,000 feet of frontage along US Highway 301 on the north side. It is located in the "North River" submarket of Manatee County, just east of the Interstate 75 interchange, providing regional connectivity and access to Bradenton, Sarasota, Tampa, and St. Petersburg. A newly-constructed $145 million interchange has improved traffic flow in the area. The site is suited for a high density/intensity mixed-use development, such as luxury apartments or condos, a hotel with a rooftop restaurant, a resort with a marina, a waterfront restaurant with a day dock, and/or retail outparcels. The Future Land Use (FLU) designation is Retail/Office/Residential (ROR), allowing up to 40 dwelling units per acre with a density bonus for affordable housing and/or a mixed-use project, with a maximum potential intensity of 1.0 Floor Area Ratio (FAR). The property may qualify for Florida’s Live Local Act, which allows for high density multifamily developments to be approved administratively on commercial-zoned land if a percentage of affordable housing is provided. The site also has an artesian well and fiber optic high-speed internet connectivity.