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STACY WEINGARTEN

stacy.weingarten@joinreal.com +1(941) 432-4141

$7,999,000

Est. payment - /mo

31.8 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved

Listing Status Active

Purchase Type For Sale

Subdivision 3080 - Truman Park

MLS Listing ID TB8459229

HOA Y/N No

Annual Tax Amount $43,081

Lot Size 31.800 Acres

Acres 31.8

Lot Dimensions 960 X 365

Property Sub-Type Unimproved

Source Stellar MLS

Property Description

Seeking a Developer/Builder: The subject property is at the NorthPort, City Center at the junction of State Highway South Toledo Blade & Price Lane, in Sarasota County, which is prime for rental units or build-to-sell and has an approved permit to develop up to 269 Townhomes/Residential MFU/Homes/Villas in 26.9 acres out of the 60.3-acre parcel. This development opportunity is in Activity Center 5, North Port city, and only the last eligible parcel to have the market rate Pure residential DMP (Development Master Plan) approved. An additional 2+ acres is approved for two Mixed-use buildings, 2 additional acres for a private clubhouse, and amenity spaces for the residents' use. The remaining 28 acres of the 60.3-acre parcel are not part of the approved DMP and can be used for the Affordable housing and or for any purpose the developer desires, and also this is not included in the price listed. Several due diligence documents/reports (Thermo-engineering/Technical, Environmental, FBB, TIS, Wetlands [- only +/-0.28 acres of certified wetlands], Species, etc.) are available to expedite the due Duediligence/review process. The Acadia Health Center is located on the North Side and is built along Citizens Parkway Road (1,250 ft) up to the edge of the subject property from Price Lane, including all utilities. All utilities are also available from the State Highway Toledo Blade Blvd (about 800 ft away from the South side of the subject property). The surrounding subject property is highly developed. The Northside border is shared with Acadia Health Plan. Further East of the subject property across Twin Lakes is developed with residential and school. The South side is developed with Bobcat Golf course and gated Bobcat community, 24/7 Medical service with Sarasota Memorial Health Care & ER. - On the immediate West side is Suncoast Plaza with Mixed development of Flats at Sundown, Fire Stone, Wawa, ALDI, Storage units, etc. - The South West Quadrant of AC5 was developed with Publix(14 businesses in this building alone which include Pizza Hut, Buffalo Wings & Rings, China Chef, Toledo Liquor & Wine, Planet Smoothie, Perfect Nails & Tan, Gulf Shores Reality, etc.), Fifth Third Bank, Burger King, Domino's Pizza, 7-Eleven/Exxon gas station, AT&T, a Fire Station, the County School Board, multifamily units, etc. - The Northwest Quadrant is developed with Wall Greens, Advance Auto Parts, Little Caesars, etc. Additionally, the remaining 100+ acres of multiple parcels are under proposal to build a mixed-use mall. The Northeast Quadrant is developed by Kings Plastic Company. - To save premium land from the development, the Stormwater pond can be built out of the Citizens Parkway parcel. - About 20 years ago (Jan 2006), at that time, the developer paid $7,242,000 when there was no easement; (now allocated 16+ acres of separate land - Citizens Parkway). At that time, the buyer submitted plans to develop 786 multifamily 3-bedroom units, with 100 of the 60.3-acre net usability now limited to 26.9 acres of multifamily units remaining. This parcel's east side is shared with the Twinlakes, so no easement is required for the stormwater outlet, whereas the Westside properties require one.

Location

State FL

County Sarasota

Community 3080 - Truman Park

Area 34288 - North Port

Zoning PCD

Direction N

Exterior

Community Features Activity Core/Center

Utilities Available Electrical Nearby, Water Nearby

Amenities Available Maintenance

View Y/N No

Water Access Yes

Water Access Desc Lake - Chain of Lakes

Exposure West

Building

Lot Description Buildable, City Limits, Interior Lot, Near Golf Course, Near Public Transit

Lot Size Range 20 to less than 50

Sewer Public Sewer

Water Public

Schools

Elementary Schools Toledo Blade Elementary

Middle Schools Heron Creek Middle

High Schools North Port High

Others

HOA Fee Include Other,Private Road

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition None

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Listed by Jonathan Minerick HOMECOIN.COM

0 S TOLEDO BLADE BLVD N North Port, FL 34288

STACY WEINGARTEN

Key Details

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0 S TOLEDO BLADE BLVD N

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