Palmetto Mixed-Use Development
For Sale
$3,500,000
Pending
834 RIVERSIDE DRIVE, Palmetto, FL 34221
Development site near Manatee River suitable for mixed-use projects.
Property SizeContact for details
Lot Size3.40 Acres
Days on Market605
Property Features for 834 RIVERSIDE DRIVE
General Information
Standard status
Pending
Lot size
3.40 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
SVN COMMERCIAL ADVISORY GROUP
(941) 387-1200
Listed By:
TONY VELDKAMP, CCIM · License #BK576074
Source:
Corcoran
Added: Dec 8, 2024
Changed: Jul 6
Last Checked: Jul 23 at 8:22AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 34221, FL
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
