Current Use by Public Records
- Land
Property Details for 0 Tropicaire Blvd
- Lot size
- 6.00 lot acres
- Property type
- Land
Description
This exceptional 6-acre commercial land parcel presents a unique investment opportunity in Sarasota County. Boasting 261,360 square feet and 758 feet of frontage on Toledo Blade Boulevard, this property is strategically positioned directly across from the planned Toledo Village development, a massive project encompassing over 263 acres and featuring 520 multi-family units, 158 townhomes, and 201 single-family homes. The property's AG zoning offers flexibility, and its proximity to the planned Toledo Village Spine Road, which will begin at this intersection, makes it ideal for a variety of commercial uses. Currently, an off-site utility extension project is underway, bringing water and sewer lines to the property, further enhancing its development potential. This infrastructure improvement, along with the anticipated growth of Toledo Village (eventually including 2400 housing units and a golf course), positions this land for significant future value. The seller offers flexible terms, including a five-year lease at $4,000 per month (with 30% of lease payments applicable towards purchase), an outright purchase option, or a build-to-suit arrangement. Tenant is responsible for property taxes. The property's location, just 3.5 miles from the new Sarasota Memorial Acute Care Hospital, adds to its appeal. This is a rare chance to acquire land in a rapidly developing area with substantial upside potential. The APN is 0938013905.
Value Estimations
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AI approach
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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
- -82.1556
- Latitude
- 27.113
