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    Orlando Blvd North Port, FL 34288

    For Sale
    $568,000

    4+ Acres, Multifamily Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4+ acre parcel of land presents a remarkable investment opportunity in the highly desirable North Port, Florida. Located on N Orlando Blvd, in Sarasota County, zip code 34288 (latitude 27.0396, longitude -82.068), this property is zoned for multifamily use (MF), offering significant potential for development. The asking price is $568,000. The expansive acreage allows for the creation of a substantial multifamily community, catering to the growing demand for housing in this thriving area. This is a rare chance to acquire a large tract of land suitable for a variety of multifamily projects. The property's strategic location within North Port provides easy access to major roadways, amenities, and services. Furthermore, there's the potential to expand the development by acquiring adjacent lots, creating an even larger and more impactful project. This presents a unique opportunity for developers seeking to capitalize on the robust North Port real estate market. The land is currently designated as residential, and the multifamily zoning designation opens up a wide range of development possibilities. Serious inquiries are encouraged to explore the full potential of this exceptional property. Don't miss this chance to secure a prime piece of land in a rapidly growing Florida market.

    Property Features for 0 Orlando Blvd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.068
    Latitude
    27.0396

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    FAQs

    What type of property is this?
    Land - 4+ Acres, Multifamily Zoning, Prime Location
    Where is this land located?
    The property is located at Orlando Blvd North Port, FL.
    What is the asking price?
    The asking price for this property is $568,000.
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    Orlando Blvd North Port, FL 34288
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Orlando Blvd North Port, FL 34288
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