5400 Greenwood Ave North Port, FL 34287
- Land
- 5.94 lot acres
Current Use by Public Records
- Land
Property Details for 5400 Greenwood Ave
- Lot size
- 5.94 lot acres
- Property type
- Land
Description
This exceptional 5.94-acre parcel located at 5400 Greenwood Avenue, North Port, Florida, 34287, presents a remarkable investment opportunity. The property is zoned RMF, allowing for multifamily development. Previous approvals for a 119-unit senior housing development existed, offering a potential blueprint for future development, though reinstatement may require additional work. Situated in the desirable North Port/Port Charlotte area, this prime location offers unparalleled potential for a new multifamily project or expansion. The expansive lot size provides ample space for a significant development, catering to the growing demand for residential housing in this thriving region. The property's APN is 1001-00-1010. This is an exceptional opportunity for investors seeking to capitalize on the burgeoning multifamily market in Sarasota County. The asking price is $2,300,000. The property's strategic location and RMF zoning make it an ideal canvas for a developer seeking to create a thriving residential community. This is a promising opportunity with unlimited possibilities for residential development.
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
- North Port
- County
- Sarasota
- State
- Florida
- Longitude
- -82.2183
- Latitude
- 27.0416
