Property summary
This exceptional 8.8-acre parcel presents a unique investment opportunity in Sarasota, Florida. Strategically located on the east side of US 41, off Magellan Road, this property boasts prime frontage and exceptional visibility. Its convenient proximity to Sarasota-Bradenton International Airport enhances its appeal. The land is zoned for dual development, offering flexibility for various projects. Parcel 1 is designated PDC (Planned Development Commercial) within Manatee County, while Parcel 2 is zoned RSF-3 (Residential Single Family), also in Manatee County. Existing water and sewer utilities are already in place, simplifying development plans. The site features level topography, eliminating costly grading requirements. Furthermore, the lot has a history of previous development, indicating established infrastructure and potential for streamlined permitting. This combination of desirable location, versatile zoning, and existing infrastructure makes this property an ideal choice for developers seeking a high-impact project in a thriving Florida market. The asking price is $3,500,000. This is a rare opportunity to acquire a large, well-situated parcel with significant development potential.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
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Construction Company General Contractor
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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