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5202 US-19 - 5+ Acre Vacant Comm Plus 3 Multifamily Sites, Palmetto, FL

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5202 US-19 - 5+ Acre Vacant Comm Plus 3 Multifamily Sites

Palmetto, FL 34221 - Manatee Submarket

(164.4 KB)

Property Type:Land Parcel Size:5 Acres
Zoning:NC-M
For Sale Price:$630,000 Price/Acre:$126,000 Price/SF:$2.89

Topography:Level
Proposed Use:Retail, Office, Service Station

On-Site Improv:Raw land



Sale Notes:
Zoning: 5+ acre Commercial land-NCM/RSF-6/A-1, Villa Pads-PD-R, Residential Land-PD-R and A-1
5+ acres of vacant commercial land with 600ft of frontage on US Hwy 19. 0.63 acres of vacant residential land to be developed w 6 pad sites and 2 villa pad sites proposed for 12 attached villa units, within the Palms of Manasota development. Also available are two finished pad sites. The pads have all utilities stubbed to the sites and are ready for vertical construction of the units. The pad site designated as D27, 28 and 29 is proposed for six attached villa units (3 duplexes). The pad site designated as D22 and 23 is proposed for six villa units (2 triplexes).
Palms of Manasota is located at the northeast quadrant of U. S. Highway 19 and 49th Street, in unincorporated Manatee County, Florida 34221.
Includes two operating billboards for additional income.
Manatee County is in the center of one of the most economically diverse regions in the state of Florida. The county offers a good mix of commercial, industrial and tourism related businesses. Increasing population indicates the long term need for the development of residential housing.
The Future Land Use classification for all subject properties is RES 9, which permits up to 9 dwelling units per acre for residential development. It also permits supporting commercial development. The zoning department indicated the northern portion could be re-zoned to PDC, which permits small to medium commercial development.
More than half the county’s employment is found in local service industries and retail trade. Both are supported in part by a $250 million tourism industry and a sizeable retirement community, which pumps more than $1.1 billion into the economy. Manufacturing and agriculture also greatly contribute to the prosperity of the Manatee County area.

Co-Brokerage: Sperry Commercial Global Affiliates.

Boback Commercial Group
Theresa Blauch-Mitchell
(239) 265-2628




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