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1500 S Toledo Blade Blvd - Road built to North Edge, 269 MFU/homes DMP

28.97 - 31.38 Acre Commercial Land Lots in North Port, FL 34288

Investment Highlights

  • 26.96 acres DMP approved for Homes/TownHomes/Multifamily unit and surrounded by various developments

Executive Summary

In Activity Center 5, South East Quadrant DMP approved 26.9 acres for 269 Homes/Multifamily units. So it can save over a year of approval timings. Additional +/- 4.38 acres. DMP is also approved for commercial/mixed-use (including a community center for the residents). Several due diligence documents/reports (Thermo Technical, Environmental, FBB, TIS, Wetlands [- only +/-0.28 acres of certified wetlands], Species, etc) can be provided to expedite your decision. The Acadia Health Center is on the North Side. and built the Citizens Parkway road up to the edge of Price Lane along with all the utilities. The +/- 28.97 acres are also eligible for Affordable housing/Affordable Multifamily Units, or MixedUse, or for commercial (hotels, grocery stores, restaurants, retail, banks, Hospital, Home Depo, Lowes, Sams Club, Walmart, Medical offices, Storage Condo, Auto dealership, Motel, Post Office, Mall, etc. In the event, upon applying offsets, you are not getting the maximum 269 homes/TownHomes/Multifamily units per your design, you can seek exemptions like the 17a-PalmPort-related sample that we uploaded here, which can release acres of land. Also uploaded here 17b-AcadiaHealth building diagrams that is being built next to the subject property.

Property Facts

Sale Type Investment
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Auto Dealership
  • Auto Repair
  • Bank
  • Convenience Store
  • Daycare Center
  • Department Store
  • Distribution
  • Drugstore
  • Fast Food
  • General Freestanding
  • Healthcare
  • Health Club
  • Hold For Investment
  • Hospital
  • Hotel
  • Medical
  • Outlet Center
  • Post Office
Total Lot Size 60.35 AC

2 Lots Available

Lot 1

Lot Size 31.38 AC

26.96 ac Multifamily /home/Villas/Town Homes DMP approved and +/- 4.38 acres of Mixed-Use(MU). The Access 2 Citizens Parkway road from the north side/Price Lane was already built. and utilities next to it are immediately available to the +/- 60.35 ac

Lot 2

Lot Size 28.97 AC

Besides the already approved DMP 31.38 acres, an additional +/- 28.97 acres of land is optionally available to purchase. You can choose which size you want, only DMP-approved land or the other lot.

Description

- The Citizens Parkway road Access with the utilities is available next to the property(0ft) on the north side of the parcel where 1,250 feet of Citizens Parkway along with the utilities was just built - so easy to develop the property. All utilities are also available from the State Highway Toledo Blade Blvd (about 800 ft). +/- 26.96 acres of approved for Pure Multi-Family Units (PMFU) and +/- 4.38 acres for Mixed-Use development as part of 31.38 acres DMP on the South side and the access would be from the S. Toledo Blade Blvd. - The 28.8 acres will be available in the lots of desired sizes for Mixed Use, affordable residential housing, storage condo, retail, drive-through, McDonald, Arbys, Post Office, Mall, Starbucks, Hospital, Bank, motel, hotel, restaurant, grocery store, retail, Manufacturing, Wholesale, Distribution, office, industrial, Charter School, College, Walmart, Costco, Sams Club, Auto dealership, or any commercial development, food, Home Depo, Costco, Post Office, etc) as part of original parcel # 1118-04-0010. - The Activity Center 5, where the Subject property resides at the Center of the City - at the junction of Tode Blade Blvd & Price Lane, North Port. Surrounding Developments: - The surrounding subject property is developed. The Northside border is shared with Acadia Health Plan. Further East of the subject property across Twinlakes is fully developed with the residential and school. The South side is developed with Bobcat Golf course and gated Bobcat community, 24/7 Medical service with Sarasota Memorial Health Care & ER. - On the immediate West side is Suncoast Plaza with Mixed development of Flats at Sundown, Fire Stone, WaWa, ALDI, Storage units, etc. - The South West Quadrant of AC5 was developed with Publix(14 businesses in this building alone which include Pizza Hut, Buffalo Wings & Rings, China Chef, Toledo Liquor & Wine, Planet Smoothie, Perfect Nails & Tan, Gulf Shores Reality, etc.), Fifth Third Bank, Burger King, Dominos Pizza, 7-Eleven/Exxon gas station, AT&T, a Fire Station, the County School Board, multifamily units, etc. - The North West Quadrant is developed with Wall Greens, Advance Auto Parts, Little Caesars, Christian Brothers Automotive, etc. Additionally, the remaining 100+ acres of multiple parcels are under proposal to build a mall with Mixed-use. - The North East Quadrant is developed with Kings Plastic Company. - To save premium land from the development, the Stormwater pond can be built out of the Citizens Parkway parcel. - About 19 years ago (Jan 2006), at that time, the developer paid $7,242,000 when there was no easement; (now allocated 16+ acres of separate land - Citizens Parkway). At that time the buyer submitted plans to develop 786 multifamily 3 bedroom units with 100% of 60.3 acre net usability now limited to 26.96 acres multifamily units remaining quota. Uploaded the related 11-page City document about 100% usability which can be found on the 2nd page. Also, uploaded the 2006 AC5 planned diagram in which the subject area of 786 planned 3-bed rooms was shown. - Don't hesitate to make your discounted offer. All offers are considered seriously.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1118-04-0010
Land Assessment
$1,645,700
Improvements Assessment
$0
Total Assessment
$1,645,700

zoning

Zoning Code PCD (31.38 acres of DMP approved for 269 units of Pure Residential & Mixed use +/- 28.97 acres available for Mixed Use, affordable housing, or commercial)
PCD (31.38 acres of DMP approved for 269 units of Pure Residential & Mixed use +/- 28.97 acres available for Mixed Use, affordable housing, or commercial)
  • Listing ID: 32666618

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 1500 S Toledo Blade Blvd, North Port, FL 34288

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