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498 R And F Ranch Rd - Sarasota County Residential Dev Opportunity 17 Acres of Residential Land Offered at $8,950,000 in Nokomis, FL 34275
INVESTMENT HIGHLIGHTS
- 16.96± acres spread across six tax ID parcels - 4 parcels in the City, with the other two parcels still in the County
- Developed as a residential, town-home, or apartment project
- The property would be suited to rezone for RM-2 (9 units per acre)
- Located minutes near Sarasota Memorial Hospital Laurel Road Campus which is currently expanding
PROPERTY FACTS Under Contract
| Price | $8,950,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 17.00 AC |
| Property Type | Land | ||
| Zoning | RMF-1 & OUE | ||
| Price | $8,950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 17.00 AC |
| Zoning | RMF-1 & OUE |
1 LOT AVAILABLE
Lot
| Price | $8,950,000 | Lot Size | 17.00 AC |
| Price Per AC | $526,470.59 |
| Price | $8,950,000 |
| Price Per AC | $526,470.59 |
| Lot Size | 17.00 AC |
17 Acres MOL
DESCRIPTION
The subject property consists of approximately 16.96+/- acres spread across six tax ID parcels in Venice, FL. The Sarasota Memorial Hospital Laurel Road Campus is a 315,000 ± SF medical center located at Laurel Rd & I-75. The growth rate within a 3-mile radius of the subject is growing 57% faster than Sarasota County. We believe that the highest and best use for this property would be to rezone for RM-2 (9 units per acre) and develop it as a for-sale residential/townhome.
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $386,490 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$386,490
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498 R And F Ranch Rd - Sarasota County Residential Dev Opportunity
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