0 Terra Ceia Bay Ln Palmetto, FL 34221
This exceptional 3.42-acre development site in Palmetto, Florida, presents a unique opportunity. Fully entitled and shovel-ready by Fall 2024, this property is ideally situated within the prestigious Terra Ceia Bay Country Club. Approved plans allow for a 22-unit villa development (11 duplexes). The site boasts strong demographics and benefits from its location in rapidly growing Manatee County. Residents will enjoy convenient access to a variety of amenities, including nearby Publix and Walmart grocery stores, Ellenton Premium Outlets, and essential services like Palmetto High School and Manatee School for the Arts. Palmetto's charming downtown area, featuring antique stores, farmers' markets, and outdoor markets, adds to the community's vibrant atmosphere. The property's APN is 24168.2000-5, and it's located on Terra Ceia Bay Ln, Palmetto, FL 34221. This is a prime investment opportunity with significant potential for substantial returns. The asking price is $1,628,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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