Catylist ID: #30130503
4062 Lake Forest Drive Sarasota FL 34233
Multi-Family for Sale
|Catylist Listing ID:||30130503|
|Property Subtypes:||Low-Rise/Garden, Mixed Use, Senior Living|
|Number of Units:||10 Units|
|Building Size (RSF):||14,316 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||6.43 Acres|
|Unit Price:||$190,000 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Price Reduced Motivated Seller
Tremendous Redevelopment Opportunity in prime Sarasota location.
6.43 Park like Acres sits well back off Bee Ridge Road.
Property enjoys a tranquil environment in a natural setting.
The property is partially developed with 10 completed 2 Br 2 Bath units of approximately 1,100 each.
Collect $132,000 in gross rents while waiting for Redevelopment!
Possible rezone to RMF 3 up to 80 units, or OPI, Office or Medical Center
County sewer and water available.
Existing infrastructure includes Club House, Pool, paved road, 2 tennis courts, possible existing retention pond exists for storm water runoff.
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Community Amenities:||Outdoor Pool, Community Building, Recreation Room, Exercise Room, Tennis Courts|
|Property Located Between:||Bee Ridge Road and Beneva|
|Area Description:||Close to major retail trade areas, medical centers and hospitals. Lake Forest Drive dead ends into property right off Bee Ridge Road. Retail shopping, banking, medical centers galore all around property.|
|Number of Stories:||2|
|Zoning Description:||RMF 2|
|Proximity:||1 mile||3 miles||5 miles|
Kevin T Riordan PAMerritt Realty Corporation
FGCAR CIE Member
|© Copyright Florida Gulfcoast Commercial Association of REALTORS® . All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Florida Gulfcoast Commercial Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|