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330-380 N Pine St 7.47 Acres of Residential Land Offered at $1,850,000 in Englewood, FL 34223
INVESTMENT HIGHLIGHTS
- 7.5 +/- Acres Zoned for up to 67 Residences or a 270 Bed ALF
- Density bonuses available utilizing Sarasota County's "half unit" calculations
- Close proximity to retail corridors, the beaches of Manasota Key, HCA Englewood Hospital, the Englewood YMCA, and Cool Today Park
- Potential to rezone to RMF-3 for up to 97 multifamily units
- Convenient location between Dearborn Street and South McCall Road
EXECUTIVE SUMMARY
We are pleased to present this exceptional 7.5 +/- acre residential development site, located in central Englewood close to the downtown village area of Dearborn Street. Pine Street is a North-South Connector Road between Dearborn Street and South McCall Road which offer traffic counts of 16,800 and 34,500 respectively.
This incredible opportunity is already zoned Residential Multifamily 2 (RMF-2) and is ideal for the development of up to 67 residential units, or up to a 270 bed Assisted Living Facility. There is potential to rezone to RMF-3 for up to 97 multifamily units, with potential to utilize Sarasota County's "Half Unit" calculation of 750 SF maximum to allow for additional units.
This site is very close to all amenities in the area including Publix shopping centers on the retail corridor along Highway 776, numerous Gulf beaches and golf courses, HCA Englewood Hospital, Englewood YMCA, and Cool Today Park (Spring Training Home of the Atlanta Braves). Additionally several residential neighborhoods are coming soon to the surrounding area that include Generations Englewood- a 306 unit apartment community by Kaplan Residential, Shores at Stillwater- a 255 lot single-family subdivision by Pulte Homes, and Sandpiper Pointe- an 85 lot Single-Family Subdivision by M/I Homes.
This incredible opportunity is already zoned Residential Multifamily 2 (RMF-2) and is ideal for the development of up to 67 residential units, or up to a 270 bed Assisted Living Facility. There is potential to rezone to RMF-3 for up to 97 multifamily units, with potential to utilize Sarasota County's "Half Unit" calculation of 750 SF maximum to allow for additional units.
This site is very close to all amenities in the area including Publix shopping centers on the retail corridor along Highway 776, numerous Gulf beaches and golf courses, HCA Englewood Hospital, Englewood YMCA, and Cool Today Park (Spring Training Home of the Atlanta Braves). Additionally several residential neighborhoods are coming soon to the surrounding area that include Generations Englewood- a 306 unit apartment community by Kaplan Residential, Shores at Stillwater- a 255 lot single-family subdivision by Pulte Homes, and Sandpiper Pointe- an 85 lot Single-Family Subdivision by M/I Homes.
PROPERTY FACTS
| Price | $1,850,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.47 AC |
| Property Type | Land | ||
| Zoning | RMF-2 - Potential to rezone to RMF-3 | ||
| Price | $1,850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 7.47 AC |
| Zoning | RMF-2 - Potential to rezone to RMF-3 |
1 LOT AVAILABLE
Lot
| Price | $1,850,000 | Lot Size | 7.47 AC |
| Price Per AC | $247,657.30 |
| Price | $1,850,000 |
| Price Per AC | $247,657.30 |
| Lot Size | 7.47 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $358,661 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$358,661
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330-380 N Pine St
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