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Crestwood Rd
20.53 Acres of Residential Land Offered at $9,000,000 in Englewood, FL 34223
Executive Summary
•Generation at Englewood has two development phases:
Phase I (A&B): 306 dwelling units, consisting of 2 building types, encompassing (5) three-story apartment buildings (1, 2, and 3 bedroom units), with elevators and stairs, (1) Clubhouse/Amenity Center (pool, pickleball courts & dog run), (1) maintenance building and (4) detached garage buildings totaling 25 stalls.
Phase II: Future Commercial Cover Out Lot
Data Room Click Here to Access
Property Facts
| Price | $9,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 20.53 AC |
| Price | $9,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 20.53 AC |
1 Lot Available
Lot
| Price | $9,000,000 | Lot Size | 20.53 AC |
| Price Per AC | $438,383 |
| Price | $9,000,000 |
| Price Per AC | $438,383 |
| Lot Size | 20.53 AC |
The property is situated at an elevation ranging from 9’-10’, with a majority of the property at 9.6’ +/-
Description
Generation at Englewood is a "shovel-ready" site located in South Sarasota County in the city of Englewood. The property is zoned RMF-3 (13 dwelling units per acre) and OPI (Office, Professional, Institutional) with site and plans approved for 306 apartment dwelling units. All utilities are available: water, storm sewer, electric and sanitary sewer (approximately 800'+/- from the property). Generation is situated east of SR-776, south of US-41 and Interstate 75, with a combined average annual daily traffic count of 117,900. Wellen Park, a new development community in Venice, FL, consisting of a downtown shopping center and the Atlanta Braves spring training facility, is located 10 miles north of Generation at Englewood.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $923,000 | Total Assessment | $923,000 |
PROPERTY TAXES
zoning
| Zoning Code | RMF-3/OPI (zoned RMF-3 (13 dwelling units per acre) and OPI (Office, Professional, Institutional) with site and plans approved.) |
| RMF-3/OPI (zoned RMF-3 (13 dwelling units per acre) and OPI (Office, Professional, Institutional) with site and plans approved.) |
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Terry Purdy -
Jon Greco -
Merritt Realty Corporation
Presented by
Crestwood Rd
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