5 Acres for Multifamily Development in Venice

Vacant Land for Sale
Catylist Listing ID: 30045024
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Vacation/Resort
Gross Land Area: 4.90 - 5.10 Acres
Sale Price: $990,000
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 6/6/2017

Overview / Comments

5 Acres of upland with FLU of 9 units per acre for a multifamily development in a booming area quickly filling in all around this parcel; near retail, downtown, marinas, beach, I-75 connection and medical, with 2 new hospitals going in nearby.

This 5 acres is located at 1755 VENICE AVE E., Directly across from retail, just 3 miles to downtown Venice and the 3.5 miles to the beach, just 1 mile to Publix retail shopping center and CVS, and 2 miles to I-75 connection at Jacaranda Blvd.

The restrictions are set by the zoning of RMF-2 and the “Venetian Gateway District “ codes for architectural design issues.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Venice
Tax ID/APN: 0412080004
Zoning: RMF2 (FLU 7.6 - 9 UNITS PER ACRE)
Property Located Between: Downtown Venice and Jacaranda Blvd., Venice, FL
Property Visibility: Excellent
Legal Description: TRACT 4, UNRECORDED KENT ACRES, BEING DESC AS W 304 FT OF E 1249 FT OF N 726 FT OF THAT PART OF SEC 9 LYING S OF VENICE AVE EAST R/W
Largest Nearby Street: Venice Avenue
Feet of Frontage: 305
Highway Access: Directly on Venice Avenue.
Airports: Sarasota International Airport
Site Description: 5 Acres rectangular parcel, upland, over 300 feet on major highway, Venice Avenue, across highway from retail, located just 1 mile to Jacaranda Blvd, and 2 miles to downtown Venice.
Area Description: This area is booming with growth. 5 acres is located at 1755 VENICE AVE E., Directly across from retail, just 3 miles to downtown Venice and the 3.5 miles to the beach, just 1 mile to Publix retail shopping center and CVS, and 2 miles to I-75 connection at Jacaranda Blvd
Lot Frontage: 305 feet
Lot Depth: 710 feet
Zoning Description: RMF2 The restrictions are set by the zoning of RMF-2 and the “Venetian Gateway District “ codes for architectural design issues.
Topography: Level
Soil Type: Mixed

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,992 45,737 78,062
Median Age: 67.88 62.28 60.53
Households: 2,175 23,809 39,630

Contact

Source

© 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.