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494 R and F Ranch Rd
Nokomis, FL 34275
Sarasota County - 17+/- Acres for Development · Land For Sale
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17.00 AC
Investment Highlights
- 17 +/- acres divided amongst 6 tax parcels.
- The new Sarasota Memorial Hospital is within a few minutes north of the site.
- Publix shopping center with additional strip plazas within the same vicinity.
- Prime for residential development, in an area of mostly residential neighborhods, a golf course, and growing medical corridor.
- Curry Lane, also a few minutes north, has seen several new medical facilities built in the past 2-3 years.
- I-75 is only a few minutes away and offers excellent access to the north and south parts of Florida.
Executive Summary
Sarasota Memorial Hospital - Venice is a few minute drive just north of the subject property. The i5-story hospital offers 110 patient suites, emergency and surgical care, along with a variety of specialty care practices and is currently expanding. Several other new medical practices now populate the immediate area.
The Publix Super Market at Plaza Venezia is also just a 3 ± minute drive north, located on along Laurel Rd. Publix is known for offering high quality products, exceptional customer service, and its commitment to employee satisfaction. In addition, just north of the property are The Sophia Luxury Villas. Overall, the location of this site is well positioned for continued growth in the future.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 17.00 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Residential | ||
| Zoning | OUE and RMF-1 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 17.00 AC |
| No. Stories | 1 |
| Zoning | OUE and RMF-1 |
1 Lot Available
Lot
| Price | $9,000,000 | Lot Size | 17.00 AC |
| Price Per AC | $529,411.76 |
| Price | $9,000,000 |
| Price Per AC | $529,411.76 |
| Lot Size | 17.00 AC |
17 ± acres spread across six tax ID parcels. Developed as a residential, town-home, apartment or a build-to-rent project. Physical addresses include 494, 496, 498 R and F, along with three additional vacant parcels
Description
A truly exceptional development opportunity awaits in Sarasota County, Florida. This 17 ± acre property, spanning six tax ID parcels in Nokomis and Venice, boasts a prime location. It is strategically situated just a two-minute drive south of the 315,000 ± SF Sarasota Memorial Hospital Laurel Road Campus (at Laurel Rd & I-75), ensuring residents have excellent access to medical services and a wealth of surrounding amenities. The clear highest and best use for this site is multifamily development. Four of the parcels already hold City zoning. The remaining two partial parcels are currently in the County but can be annexed into the City of Venice and rezoned to RM-2 (9 units per acre) through what is expected to be a straightforward process. This flexibility allows for development as either a for-sale residential/townhome community or a lucrative build-to-rent project. The site offers exceptional convenience with swift access to major amenities, including I-75, the health care "corridor", Publix, and an array or retail and dining vendors.
Property Taxes
| Parcel Number | 0388-04-0003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $343,771 |
Property Taxes
