PROPERTY DESCRIPTION - The opportunity is to acquire 15.4± acres at 10308 US-41 in Palmetto, FL, within Manatee County, currently approved for a 313-space boat and RV storage facility with 16 industrial flex units. After working with Manatee County and land use counsel, the site is now positioned for multifamily development under the Live Local Act, allowing up to 490± units with 40% designated as affordable housing.
Preliminary plans are underway for a 300-unit project eligible for HUD 221(d)(4) financing. The site includes two wetland areas, meets the county’s 35% open space requirement, and is development-ready. The property is high, dry, and well-positioned for multifamily with no known site constraints.
LOCATION DESCRIPTION - Centrally located in the St. Pete, Tampa, Bradenton/Sarasota corridor, the site offers direct access to US-41, I-275, and I-75. It’s near the expanding Moccasin Wallow corridor and within five miles of major employment and retail hubs. The area is seeing strong residential growth, with nearby parks, kayak launches, and rare Tampa Bay views from upper floors.
PROPERTY SIZE - 15.4 Acres
ZONINGm - HC (Heavy Commercial)
FUTURE LAND USE - ROR (Retail/Office/Residential)
PARCEL ID - 625700000, 625500004
PRICE - $8,950,000 which is $29,833 per unit based on 300 units
