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LARGE ACREAGE. PRIME LOCATION. FLEXIBLE USE. A Rare 5-Acre Opportunity in the Heart of Sarasota’s Growth Corridor with Multiple Opportunities to Serve Entrepreneur Developers of Land. Opportunities like this simply do not exist anymore. Just 3 minutes from Sarasota Memorial Hospital and 10 minutes to the beach, this exceptional five-acre property offers unmatched flexibility for luxury residential development, multifamily investment, or commercial landscape operations — all in one prime location. Begin with a wholesale and retail nursery. Build your dream home, then add multi family residences and move into retirement with your finances secure. BUILD YOUR DREAM ESTATE HOME - Create a private, gated estate with room to expand. The park-like setting features mature specialty trees, a wide-open space ideal for a grand custom residence, guest house, detached garages and pool compound. Equestrian amenities such as a training arena and stables already exist. With a well and electricity already in place and a 1, 650 sq. ft. office/workspace onsite, the infrastructure is ready for immediate vision and execution. ZONING FOR COMMERCIAL LANDSCAPE OPERATIONS - What truly sets this property apart is its SPECIAL EXCEPTION ZONING allowing for a wholesale plant nursery and landscape operations - a rarity in this high-growth area. For a landscape supply or maintenance company seeking room to expand, scale operations, or dominate a growing service area, this is a turnkey opportunity. There is nothing comparable on the market with this zoning flexibility. Existing improvements include a 1, 650 square foot one-story office building and storage space, above ground fuel tanks and bins for bulk landscape materials such as mulch, rock and shell, pavers, topsoil etc. LIVE. BUILD. EXPAND. INVEST - This property supports residential living, commercial operation, or a combination of both - Live in your house and run your business on site. Priceless!
MULTI-FAMILY DEVELOPMENT UNDER LIVE LOCAL ACT - Investors take note: this property offers excellent potential for multiple residential development, under Florida’s Live Local Act, making it a compelling candidate for investment. With rapid residential and commercial growth surrounding the area, this site is strategically positioned for long-term appreciation and income generation. Recently appraised at $1. 7m by a leading local appraiser, the property is competitively positioned given the explosive residential and commercial growth transforming the surrounding corridor. There's no comparable property on the market. Seeing it in person is the only way to fully appreciate its potential. Call for a tour.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
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 | $1,276,000 | $1,276,000 | $1,276,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 6.133% | 5.846% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,245 | $7,650 | $10,511 |
| Total Monthly Payment | $7,370 | $7,775 | $10,636 |
* 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.