3.45 ac Commercial, Res or MF Dev Bradenton

PROPERTY DESCRIPTION - 3.45 acres in Bradenton, FL with excellent potential for commercial, residential, or multifamily development. Excellent access with utilities available. Ideal site for a multitude of uses including market rate or affordable multifamily development, townhomes, self storage, etc.

LOCATION DESCRIPTION - Located near the intersection of East 5th Street and East 301 Boulevard in unincorporated Manatee County. The site is just east of the DeSoto Square Mall which recently sold to a developer who plans on a large scale redevelopment of the property. Nearby retailers include Lowe's, Dick's Sporting Goods, and Home Depot. Less than 10 minutes from Downtown Bradenton. Less than 20 minutes from the Sarasota Bradenton International Airport.

CURRENT ZONING & FUTURE LAND USE - Current zoning is Residential Multifamily 6 (RMF6) which allows for commercial development as well as residential development up to six units per acre. Future land use is Retail Office Residential which allows for a mix of commercial and residential zonings.

OPPORTUNITY ZONE - The property falls within a designated Opportunity Zone. An Opportunity Zone is a census tract that has been designated as eligible to receive private investment through Opportunity Funds. An Opportunity Fund is a private investment vehicle, certified by the Treasury, to aggregate and deploy capital in Opportunity zones.- For more information on Opportunity Zones, please visit the link below. https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

PRICE - Contact broker for pricing guidance.