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Northeast Corner Of Knights Trail & Gene Green Rd - Nokomis Groves Commercial/Multifamily Land.

59.18 Acres of Commercial Land Offered at $25,000,000 in Nokomis, FL 34275

Executive Summary

This property has a value range of $25-32 million depending on the terms and conditions of the offer. The proposed development will consist of 630 apartment units, constructed in two phases. In addition, there are two commercial out- lots averaging approximately 254,000 sq. ft. each and 100,000 sq. ft. for the use of self-storage. Nokomis Groves phase 1 & 2 site and development plan is approved for a total of 630 units. For flexible investment strategies, the seller would entertain selling each component of the development separately.

Data Room Click Here to Access

Property Facts

Price $25,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Medical
  • Self Storage
Total Lot Size 59.18 AC

1 Lot Available

Lot

Price $25,000,000
Price Per AC $422,440
Lot Size 59.18 AC

Description

Located in the passage of Laurel Road, Pinebrook Road, I-75 and Knights Trail, this property represents a prime investment opportunity in a high- demand, high-growth location. There is an annual average daily traffic count of over 100,000+ in this area. The property currently comprises two parcels, with a plat that will subdivide the property into five parcels. Not to mention, new Sarasota Memorial Hospital has generated the need for all types of residential housing!

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0366-00-3011
  • 0366-00-3010
Land Assessment
$9,128,100
Improvements Assessment
$0
Total Assessment
$9,128,100

zoning

Zoning Code CG/CI (CG/CI)
CG/CI (CG/CI)
  • Listing ID: 31446638

  • Date on Market: 4/8/2024

  • Last Updated:

  • Address: Northeast Corner Of Knights Trail & Gene Green Rd, Nokomis, FL 34275

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