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Last updated on December 21st, 2024

28 lots Shovel Ready, 55+ Sarasota/Venice

Value Priced at: $7,000,000

[Address Withheld], Venice, Florida 34292


Land Size2.09 Acres
ZoningResidential Multi-Family(RMF-2
WaterYes
SewerYes
ElectricYes

55+ Community

Location: Gulf Coast, Sarasota County, Florida, USA

Features: 28 developed lots with 38 planned condominiums as single and two story Duplexes. 9 units have been completed, sold, & owner occupied.

Proximity: Located near the Gulf of Mexico, adjacent to a golf course, and minutes from beaches and attractions.

Community Amenities:

  • Completed Clubhouse
  • Swimming Pool
  • Ready to move in model unit

Units Breakdown:

  • One Story Units: 24 planned, appx 1,294 sq. ft. with a 365 sf two-car garage (3BR/2BA)
  • Two Story Units: 4 planned, appx 1,697 sq. ft. with a 365 sq. ft. two car garage (3BR/3BA)

Development Highlights: Fully serviced, shovel-ready lots, with infrastructure, utilities, permit ready, and architectural plans in place.

Construction can commence immediately, upon permit approvals, with an appx 6 week timeline for permits.

FINANCIALS:

Offered for Sale at $7,000,000.00 (includes buy-out of the existing GC contract, if desired)

Phases Overview:

  • Phase 1 Sales Projection: $9,400,000 gross for 20 units, 10 buildings
  • Phase 2 Sales Projection: $4,500,000 gross for 8 units, 4 buildings, plus the sale of the model unit.

KEY INVESTMENT BENEFITS

  • Turnkey Development: Infrastructure, Plans and Permit-ready
  • Motivated Seller: Owner is ready to close quickly and open to Private Equity, JV, or outright sale offering an attractive opportunity suited to match a variety of buyer scenarios.
  • Low Risk/High Return: Ideal for experienced land developers and less experienced developers who are open to JV or Equity. Area inventory is still considered sellers market. Ideal for developers looking to close out a project quickly and efficiently.
  • Prime Location: Positioned in a high demand retirement area with year-round sunshine and easy to access beaches, and amenities, shops, dining, banking and golf is adjacent to the subject property.

For confidentiality, detailed developer and project information will be provided upon request, after signing a mutual NDA.

Sieze the opportunity to be a part of this exclusive retirement home community on Florida's Gulf Coast. For more details or to schedule a visit, don't delay, contact us today!


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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