2448-2500 Sandy Ln Englewood, FL 34224
- Land
- 4.07 lot acres
Current Use by Public Records
- Land
Property Details for 2448-2500 Sandy Ln
- Lot size
- 4.07 lot acres
- Property type
- Land
Description
This exceptional 4.071-acre development site in Englewood, Florida, presents a remarkable investment opportunity. Located at 2448-2500 Sandy Ln, 34224, this fee-simple property is zoned RMF 15 and boasts preliminary site plan approval for a 56-unit residential development, complete with a pool and amenity center. The land is situated in the desirable Grove City neighborhood, offering a tranquil residential setting just moments from Lemon Bay and its recreational opportunities. Proximity to schools, HCA Florida Englewood Hospital, and major retail establishments enhances its appeal. Convenient access to Placida Road (FL Route 775) ensures easy commutes. The property's location is approximately 4 miles from Manasota Key and the Gulf of Mexico, 15 miles from Venice, and 20 miles from Port Charlotte. The area is experiencing significant growth, with a 28% population increase within a 5-mile radius since 2010, and projected continued growth of 1.2% annually for the next five years. The average household income within a 3-mile radius is $99,045, and within 5 miles, it's $97,254. This prime location, coupled with the existing site plan approval, makes this a highly attractive proposition for developers seeking to capitalize on the area's burgeoning residential market. The asking price is $2,790,000, translating to $685,345 per acre. The entire property is located within an Opportunity Zone.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Charlotte
- State
- Florida
- Longitude
- -82.3284
- Latitude
- 26.9196
