Sarasota County Residential Development Opportunity
Land | 17 acres
Marketing 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.
Location Description
Located in the North Port-Sarasota-Bradenton MSA, between Bradenton and Fort Myers, along the I-75 corridor. Directly off exit 195 from I-75 in Venice, FL at the Laurel Road interchange. Proximity to I-75 adds significant value to the location of this property as I-75 is a major north-south interstate highway. It stretches over 470 miles from the Georgia state line to Miami and plays an important role connecting travelers to major cities and attractions across the state.
Sarasota Memorial Hospital - Venice is a 4 ± minute drive just north of the subject property. The initial 5-story hospital offers 110 patient suites, emergency and surgical care, along with a variety of specialty care practices and is currently expanding.
Publix Super Market at Plaza Venezia is also just a 3 ± minute drive north, located on along Laurel Rd. Publix is known for offering high quality products, exceptional customer service, and its commitment to employee satisfaction. In addition, just north of the property are The Sophia Luxury Villas, a 244 apartment unit complex. Overall, the location of this site is well positioned for continued growth in the future.
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Investment highlights
- 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
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