Address: SR-70 & CR 675, Bradenton, Florida, US
Created date: February 12, 2024
Date last updated: February 12, 2024
- High Growth Area with increased combined traffic counts to almost 22,000 cars per day
- Just east of the Master-Planned Lakewood Ranch Community which is expanding eastward
- Highly Visible and Accessible Corner Lot with road changes to include a roundabout
- Agricultural Zoning allowing for numerous uses and potential to Rezone
Incredible development / land-banking opportunity at the eastern edge of fast-growing Lakewood Ranch. Located at the corner of SR 70 and CR 675 in Manatee County with tremendous growth all around, this is your chance to acquire a property that is soon to be in high demand as growth eastward on SR 70 is expected to continue to increase as evidenced by the recent combined traffic count escalations to almost 22,000 cars per day.
This intersection is part of Phase 2 in a road widening and development project occurring along SR 70 from Lorraine Road out to CR 675 and is expected to begin construction in the second half of 2024. Included in that project is the widening of SR 70 from 2 lanes to 4 lanes in order to support commuter and freight traffic that has increased in the area over the last few years, as well as the construction of a roundabout at the corner of CR-675 and SR-70 offering unparalleled visibility, lower traffic speeds, and increased accessibility to the property. In conjunction with the added roundabout, the "off-ramp" from westbound SR-70 onto northbound CR-675 will be demolished, making this site a true hard corner. Initially the land under the demolished roadway will serve as a buffer to the adjacent properties, however there is potential to have this right-of-way vacated allowing for this for additional land to be added to this development site, making it grow in size and opportunity.
The current agricultural zoning of the property allows for commercial uses that support the agricultural community including office, veterinary clinic, equipment sales, pet kennel, and even a Bed & Breakfast. A potential rezoning to Commercial would open the door for a dollar store, general store, gas station, farm store, or other supportive retail uses.