Land - Real Estate in Ellenton
Listing Price: $14,000,000 (Mortgage Calculator →)
Description of Property
Exceptional 11.1 +/- acre waterfront development opportunity in Ellenton, Florida, a bedroom community to Tampa and St. Petersburg. Site consists of three contiguous parcels with over 600 feet of direct water frontage along the scenic Manatee River on the south side, plus with just under 700 feet of canal water frontage along the east side, and nearly 1,000 feet of frontage along the heavily-trafficked US Highway 301 on the north side. The site is one of the only remining sites in Manatee County with both arterial road frontage and navigable water access. Site also has an artesian well and fiber optic high-speed internet connectivity. Located just east of the Interstate 75 interchange in the “North River” submarket of Manatee County, the property offers excellent regional connectivity, with immediate access to I-75 via a newly-constructed $145 million interchange that has greatly improved traffic flow and reduced congestion — providing seamless travel south to Bradenton and Sarasota or north to Tampa and St. Petersburg. The site is ideally suited for a high density/intensity mixed-use development, which could include some combination of luxury apartments or condos, hotel with a rooftop restaurant, resort with a marina, a waterfront restaurant with a day dock and/or retail outparcels. The property’s Future Land Use (FLU) designation is Retail/Office/Residential (ROR), which allows for up to 40 dwelling units per acre with a density bonus for affordable housing and/or a mixed-use project. This is one of Manatee County’s most favorable FLU classifications, which allows for very high intensity development with a maximum potential intensity of 1.0 Floor Area Ratio (FAR). Alternatively, the property may qualify for Florida’s recently updated Live Local Act, which allows for high density multifamily developments to be approved administratively on commercial-zoned land, if a percentage of “affordable housing” is provided. This is a rare opportunity to capitalize on a highly visible, waterfront development site in one of the region’s fastest-growing submarkets. The scarcity and unique features of this property will help increase its value over time, making it the perfect replacement property for a 1031 buyer.
Property Details At A Glance
Property Type: Land
City: Ellenton
County: Manatee
Subdivision: Acreage
Annual Tax: $7,798
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Water Front: Yes
Water Frontage: River Front
Water Access: Yes
Water Access Type: River
Sewer: None
Water Source: None
Lot Information
Lot Size (acres): 11.1
Lot Size (sq. ft.): 489,999 square feet
Lot Dimensions: 898 x 835
Road Frontage: Main Thoroughfare
Additional Parcels: Yes
Additional Parcels Description: 836100008, 835600059
Legal Description & Other Information
Parcel Number: 836610006
Zoning: GC
Tax Legal Desc.: BEG AT NE COR OF PROP IN SEC 10 DESC IN DB 283 P 296, SD PT BEING ON SLY R/W LN OF U S 301; TH N 60 DEG 01 MIN 00 SEC E, ALG SD SLY R/W LN, 231.57 FT; TH S 00 DEG 17 MIN 03 SEC W, 220 FT; TH S 60 DEG 01 MIN 00 SEC W, 289.46 FT; TH N 00 DEG 17 MIN 03 SEC E, 220 FT TO SD SLY R/W OF U S 301; TH N 60 DEG 01 MIN 00 SEC E, ALG SD SLY R/W LN, 57. 89 FT TO THE POB; SUBJ
Section: 10
Range: 18
Listing courtesy of SVN COMMERCIAL ADVISORY GROUP. 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.