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Torrington Ave & Orlando Blvd - Sarasota 18.5 AC 100’ Bldg Ht (AC-10/RMF-15) 18.5 Acres of Commercial Land Offered at $3,150,000 in North Port, FL 34288
Investment Highlights
- Listing Price equals what property has sold for 15+ years ago. New I-75 (C-D) interchange planned utilizing both Raintree blvd & Yorkshire Road.
- Property is located approximately 3 minutes North of: Hotels, Banks, large Publix Shopping Center, Starbucks, McDonalds, Cracker Barrel, Self Storage
Executive Summary
AllenHeise@gmail.com
Property Facts
1 Lot Available
Lot
| Price | $3,150,000 | Lot Size | 18.50 AC |
| Price Per AC | $170,270.27 |
| Price | $3,150,000 |
| Price Per AC | $170,270.27 |
| Lot Size | 18.50 AC |
Zoned RMF-15, AC-10 Tremendous I-75 visibility and access. 5 contiguous lots. AC-10 Zoning has 47 Primary Use Categories including: Medical Office, Bank, Financial Institution. North Port City Administrator mentioned 100’ building height allowable.
Description
Sarasota Florida Multi-Family land 18.5 acres MOL ( RMF-15 ) AC-10 with tremendous I-75 visibility and access. Nearby, New I-75 (C-D) Interchange planned utilizing both Raintree Blvd & Yorkshire Road. 5 contiguous lots. Up to 275 apartments. North Port Florida 2nd fastest growing city in U.S. ( ABC 7 News ) “An 18.5 acre parcel with RMF-15 and AC-10 zoning in North Port is a highly strategic investment, particularly if it is priced around $3,150,000 (approx. $170,000 per acre). Similar prime parcels featuring I-75 visibility and mixed-use density regularly command this figure. The combination of RMF-15 and AC-10 is highly versatile. RMF-15 allows for high-density multi-family while AC-10 allows for 47 primary use categories including medical offices, banks and retail. Land near I-75 with tremendous visibility and access is considered a premium corridor, benefitting from North Port’s explosive regional growth and proximity to the Wellen Park development.” Google A.I.
Property Taxes
| Parcel Number | 1152-23-7509 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $55,539 |
Property Taxes
Presented by
Torrington Pines, LLC
Torrington Ave & Orlando Blvd - Sarasota 18.5 AC 100’ Bldg Ht (AC-10/RMF-15)
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