2569 Tropicaire Blvd North Port, FL 34286
This exceptional six-acre property in desirable North Port, Florida, presents a unique investment opportunity. Located on Tropicaire Boulevard, near Toledo Blade Boulevard and I-75 access (Exit 179), this land offers a strategic location outside recurring flood zones. The property includes a substantial 3200-square-foot concrete block shop building constructed in 2002. This shop features air conditioning, a 10-foot high metal roll-up door, 10-foot high side walls, and a 16-foot high center clearance, providing ample space for various uses. The shop sits on approximately 1.5 acres, leaving 4.5 acres for potential residential development or other structures. Existing infrastructure includes a well, 200-amp underground electrical service, an asphalt chip driveway, fencing with a wide gate, and exterior building lighting. A drainage canal is located at the property's rear. The property is conveniently situated just three miles from the new Sarasota Memorial Acute Care Hospital at Sumter and I-75. Its AG zoning allows for diverse applications, from agricultural pursuits and equestrian activities to residential development with amenities such as pools, tennis courts, or gardens. The property's parcel number is 0938013403, and it's offered as a fee simple ownership. The asking price is $1,100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.