|Price/Rent PSF||$ 75,000.00|
Located within an Opportunity Zone north of downtown Sarasota this vacant, residential lot is in the middle of future development. The location is easily accessible via US-301 making it a great option for investors or businesses across Manatee and Sarasota Counties. The ideal location allows for easy access to Interstate-75, Sarasota or Bradenton while the Sarasota-Bradenton International Airport is less than a 15-minute drive away.
This property is the ideal Opportunity Zone development opportunity that will allow an investor to take full advantage of the capital gain incentives that accompany the legislation. Current zoning of Residential Multiple Family 2(RMF-2) allows for 9 units of density per acre. Assemblage of adjacent properties is possible and currently being conducted.
The future land use classification is Community Office / Institutional which allows for a multiple uses, including large and small office space, a mixture of residential uses, institutional and government uses. Assemblage and rezoning could be the ideal investment for some investors or developers.