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Property Type: Multi-Family, Residential Development
Location: 498 R&F Ranch Rd., Venice, Florida 34275
Price Per Acre: $260,782
The subject property consists of 9.97 +/- acres spread across four 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 and broke ground in the beginning of 2019. The growth rate within a 2 mile radius of the subject is growing 46.8% faster than Sarasota County.
We believe that the highest and best use for this property would be to rezone for RM-2 (9 units per acre) and developed as a residential, townhome, or apartment project.
Description: Property Use: Vacant Land
Current Zoning: Open Use Estate (OUE)
Taxes: $5,947.24 (2018)
Traffic Count: 15,600 cars/day on Laurel Rd.