Land - Real Estate in North Port
Listing Price: $38,000,000
Description of Property
The property is located in the City of North Port in southern Sarasota County. The property contains 514± acres which includes 200+ acres of developable land and 91 acres of lakes which can also serve as retention. The North Port Gardens development order includes approved uses for multifamily, commercial, medical, office, and Industrial uses. The city has allowed these uses to be moved or adjusted with a trade-off matrix. North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida and at the south gateway to the city. This exit is used for West Port, Lost Lagoon Water Park, Murdock business district, Benderson's industrial development, and numerous new multifamily developments. Directly to the north and east is 2,800 acres entitled for 3,500 residential units. The Toledo Villages property is under contract with Forestar and is the lot development arm for DR Horton. The 300 acres ¼ mile to the north is entitled for 900,000 sq. feet of industrial. There are 5 lessees including one NYSE traded national user going to occupy 250,000 sq ft in November of 2024. The city of North Port is the 7th fastest growing city in the entire United States. This one of the last remaining unimproved exit on I-75 from Naples all the way to Gainesville. The property is completely entitled and has been annexed into the City of North Port. The approved land uses are residential (1135 dwelling units), commercial (350,000 sq ft), Office (800,000 sq ft), Hotel (450 rooms) and light industrial (600,000 sq ft). Investment Highlights - Rapidly growing area of the Florida Gulf Coast - City planners and economic counsel are eager to work with developers - North ports future Job Growth over the next 10 years is Projected at 41% - Traffic count at the I-75 interchange: 60,000 Vehicles Per Day - There were over 15,000 permits in 2022 in the city of North Port. 2023 is exceeding this as of November 1, 2023.
Property Details At A Glance
Property Type: Land
City: North Port
County: Sarasota
Subdivision: Acreage & Unrec
Annual Tax: $510
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Water Source: Public
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Lot Information
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Lot Size (acres): 514
Lot Size (sq. ft.): 21,555,400 square feet
Lot Dimensions: 1320 x 2640
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Legal Description & Other Information
Parcel Number: 1092001000
Zoning: PCDN
Tax Legal Desc.: PORTION OF S 1/2 OF SEC 6-39-22, DESC AS BEG AT SW COR OF SAID SEC 6, TH N-00-30-07-E 56.50 FT TH N-42-23-13-E 2975.77 FT TH S-88-26-46-E 2676.20 FT TH S-44-53-43-E 889.05 FT TH S-00-44-41-W 1812.32
Listing courtesy of MID STATE REALTY CO. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.