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Under contract-accepting backup offers. Offered for development, this nearly square 2. 311-acre corner parcel presents a rare opportunity for both analytical investors seeking strong fundamentals and visionary developers looking for high-impact visibility in a central, high-demand corridor. Strategically located just 3 miles from the airport, 5 miles to I-75, and approximately 5 miles to downtown Sarasota, the property benefits from exceptional regional connectivity, efficient commute patterns, and proximity to major employment, medical, and lifestyle centers that consistently drive housing and commercial demand. Positioned at a signalized, multi-lane intersection on Tuttle Avenue, the site enjoys excellent frontage, clear sightlines, and favorable traffic exposure. All critical elements for retail, office, medical, or service-oriented users, while also offering practical ingress and egress for residential traffic if developed for single-family homes, townhomes, or multifamily units (all subject to zoning and entitlement approvals). The parcel's size, shape, and corner configuration support efficient site design, parking layout, and circulation planning, helping maximize buildable area and operational functionality, while the surrounding roadway infrastructure supports steady daily traffic volumes that strengthen both residential convenience and commercial viability. From an analytical perspective, the location within an established growth corridor aligns with broader Sarasota/Manatee regional economic development strategies that prioritize well-planned infill, mixed-use potential, and employment-adjacent housing, contributing to long-term stability and absorption. From a driver's standpoint, the property delivers what matters most: visibility, access, flexibility, and momentum, all key ingredients for projects that must perform quickly in these competitive markets. Nearby major roads and arterials provide seamless access to beaches, downtown, healthcare, education, and retail hubs, enhancing lifestyle appeal for residents and traffic for businesses. Zoning and specific development pathways are to be determined per your proposed use, allowing a buyer to tailor the entitlement strategy to current market conditions, whether targeting residential density, hybrid concepts, or limited ancillary commercial. With strong locational metrics, adaptable development options, and alignment with continued regional growth trends, this parcel offers a compelling blend of practicality, performance potential, and future-forward positioning for developers, investors, and owner-users seeking a strategically placed site in one of Southwest Florida's most consistently active markets.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,098 | $7,291 | $10,126 |
| Total Monthly Payment | $7,223 | $7,416 | $10,251 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.