For Lease
$8,004/SF/YR

0 Tropicaire BlvdNorth Port, FL 34286

6 Acres, High-Growth Area, Development Potential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 6-acre commercial land parcel presents a unique investment opportunity in Sarasota County. Boasting 261,360 square feet and 758 feet of frontage on Toledo Blade Boulevard, this property is strategically positioned directly across from the planned Toledo Village development, a massive project encompassing over 263 acres and featuring 520 multi-family units, 158 townhomes, and 201 single-family homes. The property's AG zoning offers flexibility, and its proximity to the planned Toledo Village Spine Road, which will begin at this intersection, makes it ideal for a variety of commercial uses. Currently, an off-site utility extension project is underway, bringing water and sewer lines to the property, further enhancing its development potential. This infrastructure improvement, along with the anticipated growth of Toledo Village (eventually including 2400 housing units and a golf course), positions this land for significant future value. The seller offers flexible terms, including a five-year lease at $4,000 per month (with 30% of lease payments applicable towards purchase), an outright purchase option, or a build-to-suit arrangement. Tenant is responsible for property taxes. The property's location, just 3.5 miles from the new Sarasota Memorial Acute Care Hospital, adds to its appeal. This is a rare chance to acquire land in a rapidly developing area with substantial upside potential. The APN is 0938013905.

Highlights

  • 6-acre commercial land parcel in Sarasota County.
  • 758 feet of frontage on Toledo Blade Blvd.
  • AG zoning; potential for rezoning to accommodate hotel, restaurant, convenience store, or gas station uses.
  • Located across from planned Toledo Village development (520 multifamily units, 158 townhomes, 201 single-family homes).
  • Available for purchase, lease-purchase, or build-to-suit. Five-year lease option at $4,000/month with 30% credit towards purchase.

Property Details for 0 Tropicaire Blvd

Property type
Land
RSF (Rentable sq. ft)
261,360 SF

Unit(s) available at that property

Space
Size
261,360 SF
Rate per SF
$8,004

Location Insight

City
North Port
County
Sarasota
State
Florida
Latitude
27.113032379206
Longitude
-82.155574505696
Tropicaire Blvd, North Port, Florida

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Contacts

Mary McKinley
Mary McKinley
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Tropicaire Blvd, North Port, Florida, 34286

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

0 Tropicaire Blvd
  • Mary McKinley
    Mary McKinley
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