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Bruce knows the marketplace and keeps his clients informed about trends that are developing. He has been Flournoy’s broker of choice for 20 years.

John Brantley
Senior VP, Development
Flournoy Development Company

Listing Details

1.7 Acres Condo Land
1.7 acres, condo land, bank owned asset, Palmetto, Florida, Price = $500,000
Area:
1.7000
Price:
$500,000
Address:
U.S. Highway 41
Palmetto, Florida

Description

Zoning:
PDMU

PROFILE:
The opportunity is to acquire 3.013 acres gross, 1.7 acres net of Bank Owned land within the renowned Riviera Dunes Development in Palmetto, FL. By water, the development has direct deep water access to the Gulf of Mexico via the Manatee River and by land the asset has direct US-41 frontage with a full signalized intersection at Haben Blvd and US-41.

Riviera Dunes is lauded as one of the finest waterfront residential/marina developments on the West Coast of Florida. The development has a beautiful marina, capable of accommodating boats over 100' in length. The subject property is Phase V of the Laguna at Riviera Dunes condominium development.

This asset is conveniently located along US-41 which allows residents and visitors to easily travel to and from Sarasota, Bradenton, Anna Maria Island's beaches, St. Petersburg, and Tampa via US-41, I-275, or I-75.

SIZE:
Total: 1.7 acres, net of retention

ZONING: PDMU – 42 multifamily units.

PARCEL I.D. – 2581600539

UTILITIES: At site.

DISTANCES:
Super Walmart: .65 miles
Manatee Memorial Hospital: 1.1 miles
Publix: 1.5 miles
I-75: 3.9 miles
I-275: 5.2 miles
Sarasota International Airport: 10.5 miles
Anna Maria Island: 10.8 miles
Gulf of Mexico (via Manatee River): 11 miles
St. Petersburg: 24 miles
Tampa International Airport: 42 miles

COMMENTS:
• Pad ready site
• Highly visible location with over 30,000 daily
traffic trips on US-41
• Part of an established upper-end
residential/marina development with easy
access to all major West Coast destinations.
Recent condo sales in Riviera Dunes range from $218,000 to $625,000 per unit.

PRICE: $500,000.

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