301 W Rotonda Blvd
Rotonda West, FL 33947
Rotonda South - Tract 1972 · Land For Sale · 18.62 AC

Rotonda South - Tract 1972 is an excellent opportunity for builders, developers and investors to acquire a property with zoning in place that also allows for a high-density multi-family project. All utilities are located along Rotonda Blvd. W and have the capacity for additional projects. This property is in an area that has a high demand for this product type and has been overlooked and underserved in years past. The site consists of 18.62± acres, with 16± acres deemed developable. The property is zoned RMF15 (Residential Multi-Family 15) and has a Future Land Use of High Density Residential. This designation allows for up to 15 dwelling units per acre, equating to 240 total potential residential units. The site is in close proximity to the Rotonda Lakes Project, a successful multi-family senior community with a total of 176 units. This project sold in 2016 for $7,150,000 ($40,625/unit) and reported a cap rate of 6%, which indicates a net income of $429,000. This property boasts a broad selection of the finest passive recreation opportunities in the area, including numerous beautiful golf courses and premium boating and fishing. This is a prime opportunity for a buyer to service an existing market with pent-up demand.