Request More Info
Schedule a Showing
Share
Print
|
Opportunity abounds for the savvy investor who purchases this fabulous property that spans 6 tracts and 5.48 acres of ideal development land directly on Little Sarasota Bay & US 41. Currently there are three different zoning districts in place: C.G. (Commercial General), RSF-1 (Residential Single Family) and RMF-1 (Residential Multi-Family) under the Sarasota County Zoning Code, allowing for a wide variety of options for the creative & future-minded. A tremendous plus of this property is the fact that there are 2 docks which support a total of 32 boat slips. Depending on the formation of future residential building, there is the potential that each homeowner could have private dockage. Currently on site are 3 2-story apartment buildings with a total of 6 apartments as well as the charming Old Florida-style restaurant known as Spanish Pointe Pub & Restaurant (936 sq ft) with its newly expanded Tiki Hut offering an additional 1700 sqft of covered outside dining area. While these improvements and business are not without significant value, the true value lies in what it will become. The property has a future land use of Commercial Corridor. IN JANUARY 2010,SARASOTA COUNTY APPROVED CHANGES TO THE COMPREHENSIVE PLAN WHICH ALLOWS UP to 25 UNITS/PER ACRE WITH PMI (PLANNED MIXED-USE INFILL,SARASOTA COUNTY)ZONING.Please view attachments for complete and comprehensive property detail.
Property Type(s):
Vacant
| Last Updated | 4/3/2012 | Tract | Sarabay Acres |
|---|---|---|---|
| County | Sarasota |
 Walk Score ®
|
31
|
Price History
| Prior to Dec 8, '11 | $13,500,000 |
|---|---|
| Dec 8, '11 - Apr 4, '12 | $11,500,000 |
| Apr 4, '12 - Today | $10,500,000 |
Additional Details
| Additional Parcel Y/N | Yes |
|---|---|
| Area (Range) | Osprey |
| Community Features | Boat Slip, Dock |
| For Lease Y/N | No |
| HOA/Comm Assn | None |
| Location | Close to Bus Line, Highway Frontage, In City Limits, Partially Wooded |
| Lot Dimensions | 0 |
| MLS Area - Zip | Osprey |
| Property Style | Commercial |
| Property Type | Vacant-Land |
| Special Sale Provision | None of the Above |
| Status | Active |
| Taxes | 45650 |
| Total Acreage | 5 to less than 10 |
| Utilities Data | County Water, Electric Avail on Site |
| Water Access | Bay/Harbor, Intracoastal Waterway |
| Water Access Y/N | Yes |
| Water Extras Y/N | Yes |
| Water Frontage | Bay/Harbor, Intracoastal Waterway |
| Water Frontage Y/N | Yes |
| Water View | Bay/Harbor - Full, Intracoastal Waterway |
| Water View Y/N | Yes |
| Waterfront Extras | Boat Ramp - Private, Dock - Slip Deeded On-Site, Fishing Pier, Sailboat Water |
Location
Bird's Eye
Listed with PREMIER SOTHEBY'S INTL. REALTY
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Bill McCue to contact you even if your name is on a Federal or State "Do not call List". | |
Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Sandals Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 5/23/12 11:32 AM PDT.This IDX solution is (c) Diverse Solutions 2012.
Twitter
Facebook
Dwellicious
Email
