Current Use by Public Records
- Land
Property Details for and US41 Saragossa Ln
- Lot size
- 1.36 lot acres
- Property type
- Land
Description
This exceptional 1.36-acre multifamily land parcel presents a compelling investment opportunity in Sarasota County, Florida. Located near Warm Mineral Springs, on Saragossa Lane and US 41 in North Port (zip code 34287), this property comprises four contiguous lots totaling approximately 59,556 square feet, boasting significant frontage on US 41. The property is zoned RMF-3, allowing for up to 13 dwelling units per acre, making it ideal for multi-family residential development. However, the potential for rezoning to other commercial uses offers considerable flexibility for developers. The site benefits from high traffic volume, exceeding 30,000 average annual daily traffic (AADT), ensuring excellent visibility and accessibility. Sarasota County's Future Land Use Map (FLUM) designates the land for Office/Multi-Family Residential, with potential zoning districts including CM, OPI, RSF-4, RMF-1, RMF-2, RMF-3, MP, and GU. The asking price is $650,000, and owner financing is available, making this a highly accessible opportunity for developers seeking to capitalize on the area's growth and demand. The property's APN numbers are 0791-03-0021, 0791-03-0013, 0791-03-0023, and 0791-03-0011. The land value is $10.97 per square foot. This prime location offers endless possibilities for a variety of development projects.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Port
- County
- Sarasota
- State
- Florida
- Longitude
- -82.2653
- Latitude
- 27.0482
