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7045 Tamiami Trl Sarasota, FL 34243

OFF-MARKET Land Google Maps
8.8 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Land
Lot 8.8 ac (383,328 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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