33 ac for 650 MF Units/Office/Retail in Nokomis

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30644487
Property Subtypes: Multi-Family, Office, Retail
Status: Pending
Gross Land Area: 33 Acres
Sale Price: $16,250,000
Unit Price: $492,424 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/20/2021

Overview / Comments

PROPERTY DESCRIPTION The opportunity is for a developer to obtain approximately 33± usable acres in Nokomis, Sarasota County, FL. It is approved for 650 multi-family dwelling units and 220,000 SF of office and/or retail. The property is bordered by Mission Valley Golf and Country Club as well as Calusa Lakes Golf Club. There is direct access to The Legacy Trail, a very popular 10-mile public trail that extends from Sarasota to Venice. It passes through a variety of unique habitats and includes a series of interpretive signs and stop stations perfect for walking, biking and jogging.

LOCATION DESCRIPTION The property is located along SR 681 in Nokomis, Sarasota County, FL. Access to the property can be found at a new signalized entrance on SR 681 and En Theos Ln. In close proximity to a Publix Shopping Center and the new Sarasota Memorial Hospital - Venice set to open 2021 on Laurel Road and I-75. Nearby roadways make for a short drive to pristine area beaches, major airports, top-rated healthcare facilities, cultural attractions, shopping, dining, entertainment and recreation.

PROPERTY SIZE 33± acres per property accessor

ZONING PUD - Planned Unit Development

EXISTING INFRASTRUCTURE 1. Main roadway including traffic signal along Route 681 2. All utilities are master planned and built 3. All 33 acres are usable due to master planned drainage in the adjacent lake

PARCEL ID 0163030001

This is a variable rate commission

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: County
Tax ID/APN: 0163030001
Property Visibility: Excellent
Largest Nearby Street: I-75
Highway Access: Signalized intersection
Site Description: 33 ac, lake, retention in place
Area Description: Surrounded by new housing starts.
Development Name: Village on the Trail
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,731 22,509 55,931
Median Age: 61.05 58.31 61.88
Households: 1,444 10,966 29,103


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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