494, 496, 498 R&F Ranch Rd.
- 17 ± acres spread across six tax ID parcels
- Developed as a residential, town-home, apartment or a build-to-rent project
- Located minutes from I75 at Exit 207, the Sarasota Memorial Hospital Laurel Road Campus, Publix, and countless other amenities
- Sewer can be made available and is located on Pinebrook Road
Property Description
A truly exceptional development opportunity awaits in Sarasota County, Florida. This 17 ± acre property, spanning six tax ID parcels in Nokomis and Venice, boasts a prime location. It is strategically situated just a two-minute drive south of the 315,000 ± SF Sarasota Memorial Hospital Laurel Road Campus (at Laurel Rd & I-75), ensuring residents have excellent access to medical services and a wealth of surrounding amenities. The clear highest and best use for this site is multifamily development. Four of the parcels already hold City zoning. The remaining two partial parcels are currently in the County but can be annexed into the City of Venice and rezoned to RM-2 (9 units per acre) through what is expected to be a straightforward process. This flexibility allows for development as either a for-sale residential/townhome community or a lucrative build-to-rent project. The site offers exceptional convenience with swift access to major amenities, including I-75, the health care "corridor", Publix, and an array or retail and dining vendors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $9,000,000 |
| Lot Size: | 17.00 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
Conway Village Boulevard
Gonzales, Louisiana
Brokers
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