1520 S River Rd - 1520 & 0 South River Road
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1520 S River Rd - 1520 & 0 South River Road
17.4 Acres of Residential Land Offered at $4,950,000 in Englewood, FL 34223
Investment Highlights
- 1520 South River Road is approximately 17.4 acres allowing for various land use possibilities.
- Ample land space for potential residential/commercial/industrial development.
- Surrounding natural beauty and serene environment.
- 1700 sf of frontage on River Rd. It’s a prime location in the highly sought-after West Villages area.
- Proximity to major roadways, transportation hubs for convenience, amenities, and services for future residents.
- Potential for a lucrative investment opportunity.
Executive Summary
Featuring 1700 feet of road frontage on River Rd. This triangle shaped 17.4-acre development site is located within Sarasota County Florida’s unincorporated area. It is currently zoned OUE1 open use estate (1UNIT/5ACRE) including two structures. One is currently occupied by a residential tenant and the 2nd is unoccupied. There are 2 PID numbers 370,260 sf (8.5 acres) and 387,684 sf (8.9 acres). Located at the south end just outside of The West Villages Improvement District. The WVI District has the authority to plan, finance, construct, operate and maintain public infrastructure within Wellen Park. The district currently spans 12,444 acres within the city of North Port and unincorporated Sarasota County. Residential neighborhoods, commercial centers and the Atlanta Braves’ spring training stadium are all located within the district boundaries, as is the soon-to-be completed Downtown Wellen. The property is located next to Englewood Sports Complex which is considered one of Sarasota County's premier locations. This 136-acre sports complex features outdoor sports amenities including eight little league Fields, two senior softball fields, four soccer fields, four tennis courts, two pickleball courts, hiking trails, picnic facilities, restrooms, and two playgrounds. Citizens can call to reserve a picnic shelter located near the playgrounds. Indoor rental space includes two meeting rooms and an 11,000 square foot multipurpose/gymnasium. A fitness room available for public use with state-of-the-art treadmills and other exercise equipment plus locker rooms with showers. There are 10,763 residents in West Villages, with a median age of 64. There are 94,711 residents in the City of North Port, with a median age of 49.5. There are 21,000 residents in Englewood, with a median age of 68. The growth rate within a 5-mile ring is expected to exceed 10%. The seller will consider a rezone for commercial retail/industrial development including multifamily and could consider a cash offer as well. Priced at appraisal rate of $6.53 sf. Call listing agent Tammy Shaw for more information.
Property Facts
Price | $4,950,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 17.40 AC |
Price | $4,950,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 17.40 AC |
1 Lot Available
Lot
Price | $4,950,000 | Lot Size | 17.40 AC |
Price Per AC | $284,483 |
Price | $4,950,000 |
Price Per AC | $284,483 |
Lot Size | 17.40 AC |
There are 2 PID numbers 370,260 sf (8.5 acres) and 387,684 sf (8.9 acres). 2 Lots
Description
Property is located across River Rd from the entrance to Paul Morris Industrial Park. Property boarders Englewood Sports Complex to the northwest and boarders the West Villages Improvement District to the South.
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $445,500 | |
Land Assessment | $609,400 | Total Assessment | $1,054,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$609,400
Improvements Assessment
$445,500
Total Assessment
$1,054,900
zoning
Zoning Code | OUE1 (OUE1 open use estate (1UNIT/5ACRE) including two structures) |
OUE1 (OUE1 open use estate (1UNIT/5ACRE) including two structures) |
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1520 S River Rd - 1520 & 0 South River Road
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