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Key Details
Sold Price $3,500,000
Property Type Vacant Land
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Palmer Farms 3Rd
MLS Listing ID A4553122
Sold Date 02/17/25
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $16,087
Lot Size 11.000 Acres
Acres 11.0
Lot Dimensions 520X624
Property Sub-Type Business
Property Description
11 +/- acres for sale! This is a RARE OPPORTUNITY to acquire versatile land in the heart of Sarasota just South of Lakewood Ranch and the rapidly developing communities of Waterside Place. This property sits adjacent to Faith Baptist Church on Fruitville road, just east of the Fruitville initiative. As Sarasota continues to develop Eastward, this property stands to be a valuable centerpiece in the community. The infrastructure and utilities are already in place for anything that would be approved under a Special Exception, or a rezone and the owner has started the process for Special Exception in order to fast track approvals for the buyer. The “OUR” zoning provides many opportunities and use cases for the use of the property. See the attachments for a comprehensive list of uses which could be approved under a “Special Exception.” The way this property is offered allows entitlements to be calculated using the whole 22+/- acres of the entire parcel and the Seller will allow use of some of the 600 parking spaces and perhaps some of the facilities of the existing campus. Owner financing is a possibility for an approved use as long as the use is compatible with the church. The owners would also consider a long-term lease or a lease-purchase.
Location
State FL
County Sarasota
Community Palmer Farms 3Rd
Zoning OUR
Exterior
Community Features Activity Core/Center
Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Fiber Optics, Fire Hydrant, Phone Available, Sewer Connected, Sprinkler Well, Street Lights, Underground Utilities, Water Connected
Waterfront Description Lake,Pond
View Y/N 1
Water Access 1
Water Access Desc Lake,Pond
Building
Lot Description Cleared, Compact Soil, Filled, In County, Level, Out Parcel, Sidewalk, Street Lights, Paved, Zoned for Horses
Lot Size Range 10 to less than 20
Sewer Public Sewer
Water Canal/Lake For Irrigation, Public, Well
Schools
Elementary Schools Tatum Ridge Elementary
Middle Schools Mcintosh Middle
High Schools Sarasota High
Others
Ownership Fee Simple
Acceptable Financing Lease Option, Lease Purchase, Private Financing Available
Membership Fee Required None
Listing Terms Lease Option, Lease Purchase, Private Financing Available
Special Listing Condition None
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