7.77 ac Commercial Land w/Future Res 6

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30785024
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Status: Pending
Gross Land Area: 7.77 Acres
Sale Price: $2,400,000
Unit Price: $308,880 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

PROPERTY DESCRIPTION - The opportunity is to purchase 7.77 +/- acres of commercial land in Palmetto, Florida. The property is zoned NC-M, NeighborhoodCommercial - Medium and the future land use is Res-6 (residential up to 6 units/acre) The site is currently being used for cattle grazing. The zoning allows residential uses, neighborhood-retail uses, professional/personal service, office uses,and recreational facilities (generally limited to neighborhood retail uses).

LOCATION DESCRIPTION - The property is located at the northeast corner of the intersection of Moccasin Wallow Road and Bud Rhoden Road in Palmetto, approximately 1.25 miles west of the I-75 interchange. Palmetto is home to Port Manatee within the greater Tampa Bay MSA on the northern side of Manatee County between Tampa and Sarasota. The site is located just west of the recently developed Artisan Lakes subdivision that continues to grow. Several other subdivisions are at various stages of the planning and development process,with the Parrish to Palmetto area expected to grow by over 18,000 homes in the near future. Manatee County recently commenced construction on a roadway project that will widen Moccasin Wallow Road from U.S. 41 to Gateway Boulevard west of I-75 from 2-lanes to 6-lanes (3 in each direction) when built to its final configuration. Plans also include a traffic signal with turn lanes at the intersection of Moccasin Wallow and Bud Rhoden. Bud Rhoden Road will also be widened with turn lanes proximate to the signalized intersection. Project completion is anticipated by December of 2024.

MUNICIPALITY - Manatee County

PROPERTY SIZE - 7.77 Acres


Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 616900059

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,436 11,792 41,317
Median Age: 67.97 46.95 46.75
Households: 742 4,821 17,107


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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