80+- ac Zoned for 780 REs Units/30,000 SF Comm Palmetto

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30792026
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Other
Status: Pending
Gross Land Area: 80 Acres
Sale Price: $40,000,000
Unit Price: $500,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

PROPERTY DESCRIPTION - Ellenton Cove is an 80+ acre parcel zoned for up to 780 residential units (apartments, TH, BFR or Single Family) and 30,000 SF ofcommercial uses. The site has approximately 1,200 feet of frontage on I-75 and is rectangular in shape with 2,700+/- feet of frontage onMendoza Road (37th Street). The seller has site planned the project with 78 (50' X 120') Single Family Lots and 582 surface parkedapartments with 3 acres of commercial, however the site could be redesigned for higher density based on the zoning which allows 4story buildings on the east side of the vision road and 2 story buildings on the west side of the vision road. There is no co-broke beingoffered, therefore Buyer must pay their Broker.

LOCATION DESCRIPTION - The property is located in the SW corner of Mendoza Rd (37th St E) and I-75 in Manatee County, FL.

PROPERTY SIZE - 80.95 Acres

ZONING - MPUD- 780 residential units with 30,000 SF of commercial

PARCEL ID - 745800059

PRICE - All Offers due by 5pm on March 25th, 2022 via email to Ryan@TheDirtDog.com

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 761100109

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,505 44,184 106,279
Median Age: 38 44.41 41.93
Households: 1,818 18,350 42,179


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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