Land•Multi-Family•For Sale

Venice Commerical and Multi-family Acreage

Pinebrook Road, Venice, Florida 34275

Sale Price $16,750,000 ($5.49 /SqFt)
Sale Type Investment
Land Area 70 Acres
Land Use RMF-1
Market Tampa/St. Petersburg
The subject property consists of 70 +/- acres spread across 14 tax ID parcels in Venice, FL. The property contiguous to the north is a planned development for Sarasota Memorial Hospital Laurel Road Campus, which is a 315,000 +/- SF medical center planned to break ground in late 2019. The growth rate within a 2 mile radius of the subject is growing 46.8% faster than Sarasota County. We believe that a portion of this property can be rezoned to RM-3 (13 units per acre) to be used as an apartment project, and another portion of this property being rezoned for commercial use to support the apartment project and the Sarasota Memorial Hospital Laurel Road Campus directly to the north.
10/2/2018 12:00:00 AM 2/11/2019 3:27:15 PM
Eric Ammon
Associate Broker
Coldwell Banker Commercial Saunders Ralston Dantzler Realty

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