834 RIVERSIDE DRIVE Palmetto, FL 34221
Development site near Manatee River suitable for mixed-use projects.
Type:Land or Vacant Lot
Lot size:
3.40 Acres- Added:
- Dec 8, 2024
- Days on Market:
- 510
- Last Refresh:
- Apr 5 at 9:28 pm
Property Features for 834 RIVERSIDE DRIVE
General Information
- Standard status
- Active
- Lot size
- 3.40 Acres
- Property subtype
- Land or Vacant Lot
Listing agent TONY VELDKAMP, CCIM License #576074
Listing office SVN COMMERCIAL ADVISORY GROUP (941) 387-1200
Listing date Dec 8, 2024
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SVN COMMERCIAL ADVISORY GROUP
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Palmetto
- County
- Manatee
- State
- Florida
- Longitude
- -82.5739313
- Latitude
- 27.5123395
Nearby Similar for Sale
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 DRIVE 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.
