12340 Manatee Ave W - Proposed High Rise Condo Development
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12340 Manatee Ave W - Proposed High Rise Condo Development
18.9 Acres of Commercial Land in Bradenton, FL 34209
Virtual Tour
Investment Highlights
- Subject Property is the remaining waterfront land at the northern point of the Harbour Isle Community project
- Owner will consider selling in phases
- Endless views of Anna Maria Island and out towards the Sunshine Skyway Bridge
- 18.90 acres entitled for 275 units
- Utilities stubbed to sites and entry road has already been graded
- Vast list of in-place amenities already existing within and surrounding the community
Executive Summary
The subject property is the remaining portion of the Harbour Isle Community, a waterfront development project at the northern end of the peninsula. The project is a world class community with in-place amenities including a community beach club recreation center containing a fitness center, meeting space, private dining/bar, a kayak launch, lap pool, manicured landscaping and a vast nature trail surrounding the tranquil community lake. Additionally, there are a Compass Hotel, Floridays Restaurant, and Safe Harbor wet/dry slip marina located just outside the gates of the development. Located along Manatee Ave. W. and just minutes from the public beach, the remaining parcel is a fully waterfront pad with expansive views reaching out to the Skyway Bridge. The remaining phase consists of 3 parcels totaling 18.90 buildable acres. The road to the site has been graded but not yet paved. The existing project already consists of 411 low rise townhomes along the spine with short term rentals beside the marina and is ready for someone to finish building this third phase. The Seller is looking for the right Buyer/Developer to finish the project with a mixture of high-end condos, townhomes or single family residences.
Please note the following buying terms to be included in an LOI:
(i) Buyer’s intended use for the property
(ii) assumption/payment of contingent fee obligations owed to Hayden Lane
(iii) assumption of declarant rights under Master Declaration and control over Beach Club and other common areas and amenities (as is, where-is, without recourse back to Minto)
(iv) construction of Martinique Drive extension; and
(v) property will be added to Master HOA.
Please note the following buying terms to be included in an LOI:
(i) Buyer’s intended use for the property
(ii) assumption/payment of contingent fee obligations owed to Hayden Lane
(iii) assumption of declarant rights under Master Declaration and control over Beach Club and other common areas and amenities (as is, where-is, without recourse back to Minto)
(iv) construction of Martinique Drive extension; and
(v) property will be added to Master HOA.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Reports
- Title and Insurance
- Miscellaneous
- Memorandum of Contingent Fee
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Apartment Units - Condo |
| Property Type | Land | Total Lot Size | 18.90 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 18.90 AC |
1 Lot Available
Lot
| Lot Size | 18.90 AC |
| Lot Size | 18.90 AC |
Description
Subject Property is the remaining waterfront land at the northern point of the Harbour Isle Community project 18.90 usable acres entitled for 275 units Owner will consider selling in phases Units can be a mixture of condos, townhomes or single family Utilities stubbed to sites and entry road has already been graded Endless views of Anna Maria Island and out towards the Sunshine Skyway Bridge Vast list of in-place amenities already existing within and surrounding the communityhin and surrounding the community
PROPERTY TAXES
| Parcel Number | 73069-0050-9 | Improvements Assessment | $0 |
| Land Assessment | $1,068,513 | Total Assessment | $1,068,513 |
PROPERTY TAXES
Parcel Number
73069-0050-9
Land Assessment
$1,068,513
Improvements Assessment
$0
Total Assessment
$1,068,513
zoning
| Zoning Code | C-3, PDP, PD-R (Planned Development Project) |
| C-3, PDP, PD-R (Planned Development Project) |
Sale Advisors
Sale Advisors
Lee DeLieto Jr., Senior Commercial Advisor | Broker Associate
(941) 323-0060
Contact
Lee Jr. is a current member and the past president of the Commercial Investment Division (CID) at the Realtor
Association of Sarasota Manatee. He is also a member of the Public Policy Committee at RASM, an active member
the Greater Sarasota Chamber of Commerce, and the Real Estate Office (REO) Committee for both the Sarasota and Manatee County Economic Development Councils, In his spare time, he enjoys motorcycling on his Harley-Davidson, and is a life member of the Harley Owner’s Group (HOG), where he was the former director for both the Ft. Lauderdale and Manatee chapters.
Association of Sarasota Manatee. He is also a member of the Public Policy Committee at RASM, an active member
the Greater Sarasota Chamber of Commerce, and the Real Estate Office (REO) Committee for both the Sarasota and Manatee County Economic Development Councils, In his spare time, he enjoys motorcycling on his Harley-Davidson, and is a life member of the Harley Owner’s Group (HOG), where he was the former director for both the Ft. Lauderdale and Manatee chapters.
Leon DeLieto, Senior Commercial Advisor | Broker Associate
(941) 957-3730 x3129
Contact
Lee DeLieto, Sr. joined the Commercial Group at Michael Saunders & Company more than 15 years ago, and has repeatedly received "Top Commercial Real Estate Producer" recognition. His knowledge of the Sarasota, Manatee and Charlotte county areas has allowed businesses to find to the commercial real estate that matches each client's specific needs.
Lee's Commercial Real Estate services include commercial investment property, land development, site and land acquisition, office space and retail leasing, 1031 exchanges, and asset disposition. Lee has the proven ability to make your next investment, lease, acquisition/sale a profitable experience.
There is no secret to Lee's success – solid commercial real estate knowledge and years of experience in helping clients achieve their goals.
Corporate Professional Affiliations
· The Greater Sarasota and Manatee County Economic Development Councils
· The Sarasota / Manatee Chambers Of Commerce
· The Sarasota / Manatee Associations Of Realtors
· The Commercial Investment Division (CID) of the Sarasota Association of Realtors
· ICSC (International Council Of Shopping Centers)
Community Affiliations
· Downtown Sarasota Kiwanis Club, Past President
· Sarasota County Boys & Girls Clubs, Past Chairman of the Board
· Sarasota Alumni Club of Phi Delta Theta, Past President
· Tiger Bay Club
· Sarasota University Club, Past Board Chair
· Commercial Investment Division of the Sarasota Association of Realtors, Past President
Lee's Commercial Real Estate services include commercial investment property, land development, site and land acquisition, office space and retail leasing, 1031 exchanges, and asset disposition. Lee has the proven ability to make your next investment, lease, acquisition/sale a profitable experience.
There is no secret to Lee's success – solid commercial real estate knowledge and years of experience in helping clients achieve their goals.
Corporate Professional Affiliations
· The Greater Sarasota and Manatee County Economic Development Councils
· The Sarasota / Manatee Chambers Of Commerce
· The Sarasota / Manatee Associations Of Realtors
· The Commercial Investment Division (CID) of the Sarasota Association of Realtors
· ICSC (International Council Of Shopping Centers)
Community Affiliations
· Downtown Sarasota Kiwanis Club, Past President
· Sarasota County Boys & Girls Clubs, Past Chairman of the Board
· Sarasota Alumni Club of Phi Delta Theta, Past President
· Tiger Bay Club
· Sarasota University Club, Past Board Chair
· Commercial Investment Division of the Sarasota Association of Realtors, Past President
Will Martin, Commercial Advisor
(941) 957-3730
Contact
A Sarasota native with a wealth of area knowledge, Will Martin brings a strong finance background to his commercial real estate career. After graduating Magna Cum Laude from the esteemed Rollins College with a degree in Economics, he went on to work in mutual funds for T Rowe Price in Tampa. He returned to his Sarasota roots in 2016, and quickly realized that his education and professional experience would translate well to the world of commercial real estate.
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Lee DeLieto Jr. -
Leon DeLieto -
Will Martin -
Michael Saunders & Company
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