Northeast Corner Of Knights Trail & Gene Green Rd
Nokomis, FL 34275
Nokomis Groves Commercial/Multifamily Land. · Land For Sale · 59.18 AC

The subject property is in a high growth and high demand area. The 42-acre property will be delivered with all entitlements and site plan approval for 630 apartments in two platted parcels. The project is designed for a two phase project. The area's growth and desirability has been the new Sarasota Memorial Hospital and ancillary medical services at the Interstate 75 and Laurel Road interchange, easy highway access and extensive infrastructure improvements in process and planned for the area road system and utility upgrades. Development opportunity for apartments. The owner has taken a 60-acre agricultural parcel through a long zoning process for a residential and commercial entitlement. 42 acres will consist of an apartment project, while 18 acres is not part of this offering. The subject multifamily section will be delivered site plan approved for a total of 630 units in a 2-phase separately platted project. The corridor of Laurel rd, Pinebrooke, I-75, and Knights Trail is in HIGH DEMAND. The new SMH Venice Hospital has been a catalyst for incoming residents and all types of residential housing and commercial development. The hospital has been an attractor for the median age of 65 demographic: as an amenity for the senior population and a source of employment locally or accessed by the highway.