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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
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
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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0849-01-0004
  • 0849-01-0003
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)
  • Listing ID: 31596329

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 1520 S River Rd, Englewood, FL 34223

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