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917 11th St W ct
Palmetto, FL 34221
8.25 ac for 371 MF Units in Palmetto · Land For Sale
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8.25 AC
Investment Highlights
- Multifamily-entitled site allowing up to 371 residential units.
- Convenient access to US-41, US-301, and I-275.
- Surrounded by existing and planned residential development activity.
- Located within the City of Palmetto Community Redevelopment Area.
- Walking distance to a Publix-anchored shopping center and daily services.
Executive Summary
The property is situated just west of US-41 with convenient access to US-301, I-275, and the broader Tampa Bay region. Its location provides connectivity to major employment centers throughout Tampa, St. Petersburg, Bradenton, and Sarasota while also offering walkable access to a Publix-anchored shopping center, restaurants, retail services, and everyday conveniences. These nearby amenities support the long-term appeal of future residential development and enhance the property's positioning within an established commercial corridor.
The site's development potential is complemented by its location within an active growth area of northern Manatee County where new residential projects continue to reshape the market. With redevelopment-area designation, established transportation access, and the ability to accommodate a higher-density multifamily community, the property offers developers and investors an opportunity to deliver a substantial residential project within a well-connected Tampa Bay location. The combination of entitlement potential, regional accessibility, and proximity to retail and service amenities supports a range of multifamily development strategies designed to meet continued housing demand across the area.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 8.25 AC |
| Zoning | PD_MU - Up to 371 Units of Multi-Family development permited | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 8.25 AC |
| Zoning | PD_MU - Up to 371 Units of Multi-Family development permited |
1 Lot Available
Lot
| Price | $4,620,000 | Lot Size | 8.25 AC |
| Price Per AC | $560,000.00 |
| Price | $4,620,000 |
| Price Per AC | $560,000.00 |
| Lot Size | 8.25 AC |
±8.25-acre PD-MU zoned multifamily development site in Palmetto's CRA with potential for up to 371 units. Convenient access to US-41, US-301, I-275, and nearby retail amenities.
Description
PROPERTY DESCRIPTION - The subject property consists of 8.25±acres within the City of Palmetto, zoned PD-MU (Planned Development –Mixed Use), allowing for up to 371 multifamily units. Located within the City's Community Redevelopment Area (CRA), the site is surrounded by recently completed and planned residential development, reflecting the continued growth of the Palmetto market. With multifamily entitlements already in place, the property presents an opportunity to develop a well-located apartment community in one of Manatee County's expanding residential corridors. LOCATION - The property is located at 917 11th Ave W, just west of US-41 and minutes from US-301 and I-275, providing convenient access throughout the Tampa Bay region. The site sits within walking distance of a Publix-anchored shopping center and several national retailers, restaurants, and daily conveniences —well positioned within an established commercial corridor while benefiting from the continued residential growth of northern Manatee County.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $493,049 | Total Assessment | $1,059,175 |
Property Taxes
