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Property profile & analytics
OFF-MARKET
Land

SR-70 & Crk 675 Myakka City, FL 34251

1.5 ac lot
Property ID
Property summary
AI-generated overview

This 1.5-acre parcel in Myakka City, Florida, presents a compelling development opportunity. Located at the high-traffic intersection of SR-70 and CR-675 in Manatee County, this property boasts exceptional visibility and accessibility. Currently zoned for agriculture, it permits various commercial uses supporting the agricultural community, including offices, veterinary clinics, and retail establishments. A nearby lot's PD-C zoning suggests strong potential for rezoning this site to commercial, opening doors to a wider range of uses such as drive-thrus, restaurants, and retail stores. Preliminary site plans for suitable uses are available. The property benefits from a significant road widening and development project along SR-70, scheduled for the second half of 2024, which includes expanding SR-70 to four lanes and constructing a roundabout at the property's corner. This roundabout will enhance visibility and accessibility, transforming the site into a highly desirable "hard corner" location. The demolition of the westbound SR-70 to northbound CR-675 off-ramp further strengthens this advantage. There's potential to acquire additional land from the vacated roadway right-of-way. Manatee County's robust population growth, exceeding the state average, fuels the demand for development in this rapidly expanding area. The property's location near the expanding Lakewood Ranch community and the projected increase in traffic to nearly 33,000 cars daily underscore its investment potential. The asking price is $750,000, and the APN is 333702009.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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