1520 South River Road
- 1520 South River Road is approximately 17.4 acres allowing for various land use possibilities
- 1700 sf of frontage on River Rd. It’s a prime location in the highly sought-after West Villages area.
- Ample land space for potential residential/commercial/industrial development.
- Proximity to major roadways, transportation hubs for convenience, amenities, and services for future residents
- Surrounding natural beauty and serene environment
- Potential for a lucrative investment opportunity
Property Description
Featuring 1700 feet of road frontage on River Rd. This triangle shaped 17.4-acre development site is located within Sarasota County Florida’s unincorporated area. It is currently zoned OUE1 open use estate (1UNIT/5ACRE) including two structures. One is currently occupied by a residential tenant and the 2nd is unoccupied. There are 2 PID numbers 370,260 sf (8.5 acres) and 387,684 sf (8.9 acres). Located at the south end just outside of The West Villages Improvement District. The WVI District has the authority to plan, finance, construct, operate and maintain public infrastructure within Wellen Park. The district currently spans 12,444 acres within the city of North Port and unincorporated Sarasota County. Residential neighborhoods, commercial centers and the Atlanta Braves’ spring training stadium are all located within the district boundaries, as is the soon-to-be completed Downtown Wellen. The property is located next to Englewood Sports Complex which is considered one of Sarasota County's premier locations. This 136-acre sports complex features outdoor sports amenities including eight little league Fields, two senior softball fields, four soccer fields, four tennis courts, two pickleball courts, hiking trails, picnic facilities, restrooms, and two playgrounds. Citizens can call to reserve a picnic shelter located near the playgrounds. Indoor rental space includes two meeting rooms and an 11,000 square foot multipurpose/gymnasium. A fitness room available for public use with state-of-the-art treadmills and other exercise equipment plus locker rooms with showers. There are 10,763 residents in West Villages, with a median age of 64. There are 94,711 residents in the City of North Port, with a median age of 49.5. There are 21,000 residents in Englewood, with a median age of 68. The growth rate within a 5-mile ring is expected to exceed 10%. The seller will consider a rezone for commercial retail/industrial development including multifamily and could consider a cash offer as well. Priced at appraisal rate of $6.53 sf. Call listing agent Tammy Shaw for more information.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $5,100,000 |
| Lot Size: | 17.40 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
E. Midway Road, E. Weatherbee Road and Silver Oak Drive
Fort Pierce, Florida
5845 – 5885 COLLEGE LN
VERO BEACH, FloridaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout