2100 Knights Trail Rd, Nokomis, FL 34275

This exceptional 59.18-acre commercial land parcel, located at 2100 Knights Trail Road in Nokomis, Florida (zip code 34275), presents a remarkable investment opportunity. Situated near the intersection of Laurel Road, Pinebrook Road, and I-75, this strategically located property boasts an annual average daily traffic count exceeding 100,000. Currently encompassing two parcels, a plat is in place to subdivide the land into five distinct parcels, offering flexibility for development. The approved site and development plan for Nokomis Groves includes the construction of 630 apartment units in two phases. Furthermore, the plan incorporates two commercial outlots, each averaging approximately 254,000 square feet, and an additional 100,000 square feet designated for self-storage. The property is zoned CG/CI. The proximity to the new Sarasota Memorial Hospital further enhances its appeal, given the increased demand for residential housing in the area. This offering presents a unique chance to acquire a fully approved development project or to pursue individual components of the development separately, providing diverse investment strategies. The asking price for the entire property is $25,000,000.