2+ Acre Fully Entitled Waterfront Development Site!

Highlights:

• 2.16 acre site
• PD-MU zoning with multiple future land use designations
• FAR of .92
• Can build up to 91,000 sq. ft. building
• Up to 5 stories over parking
• Up to 119 rooms

Description:

Introducing a remarkable development opportunity in the thriving Parrish/Ellenton area – an impressive 2.16-acre site with PD-MU zoning and multiple future land use designations (ROR/CPA/CEA/CHHA/ENT). Boasting a favorable floor area ratio of .92, this property offers the potential to construct a substantial 91,000 sq. ft. building, with up to 5 stories over parking and up to 119 rooms. Making it an ideal prospect for multifamily or hospitality development. The sought-after PD-MU zoning presents a variety of possibilities for mixed-use development, allowing investors to explore diverse options for this prime parcel of land. Positioned in the dynamic Bay area market, this property holds immense potential for those seeking a strategic investment and development opportunities in the fast-growing and in-demand multifamily and hospitality sector.

Nestled on the picturesque Manatee River, this 2.16-acre waterfront development site enjoys a prime location just east of the Interstate 75 off-ramp in the rapidly expanding Parrish/Ellenton area. Positioned at the heart of a bustling retail and dining sector, the property is surrounded by the popular Prime Outlet Mall, the Ellenton Ice and Sports Complex, and an array of shopping centers and retail developments in every direction. With its strategic positioning in this vibrant commercial hub, the site offers unparalleled access to a diverse range of retail and dining options, making it an enticing prospect for developers seeking a prime location for a multi-story residential or hotel project.

FROM NW COR OF BLK 13, PHILLIPS & ALLENS RESUB, RUN S 00 DEG 45 MIN 00 SEC W ALG W LINE OF SD BLK 13, BEING ALSO E LINE OF PARCEL MARKED DAY, A DIST OF 113.70 FT TO INTER OF SD W LINE WITH SLY R/W OF TAMIAMI TRAIL (OLD U S HWY 301) & THE POB; TH S 60 DEG 41 MIN 03 SEC W, ALG SD SLY R/W A DIST OF 281 FT, M/L TO INTER WATERS OF BUSHNELL CREEK; TH SLY ALG WATERS OF BUSHNELL CREEK & ELY ALG WATERS OF MANATEE RIVER TO INTER W LINE OF LOT 3 OF SD PHILLIPS & ALLENS RESUB; TH N 00 DEG 45 MIN 00 SEC E, ALG SD W LINE & NLY EXT, A DIST OF 282 FT, M/L, TO CENTER OF A VAC ST; TH S 88 DEG 25 MIN 00 SEC W, ALG CENTER OF SD VAC ST, A DIST OF 96.41 FT T0 INTER SLY EXT OF W LINE OF BLK 13; TH N 00 DEG 45 MIN 00 SEC E ALG SD W LINE, A DIST OF 205.96 FT TO POB, FURTHER DESC IN OR 1054 P 3148, LESS THAT PART INCLUDED IN OR 1405 P 1629 DESC AS FOLLOWS: COM AT THE NW CORNER OF TRACT 13, PHILLIPS AND ALLEN RESUB OF WH VANDERPIPE SUB, PB 1 P 308A; TH S 00 DEG 45 MIN 00 SEC W ALG THE W LN OF SD TRACT 13, A DIST OF 115.52 FT (113.70 FT DEED) TO THE PT OF INTERSECTION OF SD W LN AND THE SELY R/W LN OF TAMIAMI TRL (OLD US 301-18TH ST E) AS SHOWN ON THE PLAT OF ROCKY BLUFF SHORES, AS REC IN PB 5 P 16; TH S 60 DEG 43 MIN 41 SEC W ALG SD SELY R/W LN, A DIST OF 10.39 FT FOR A POB; TH S 14 DEG 51 MIN 11 SEC E 274.68 FT; TH S 03 DEG 39 MIN 42 SEC E, 195.32 FT TO A PT ON THE APPROX MEAN HIGH WATER LN OF THE MANATEE RIVER; TH ELY ALG SD APPROX MEAN HIGH WATER LN THE FOLLOWING COURSES & DISTANCES; S 44 DEG 23 MIN 47 SEC E, 21.77 FT; N 89 DEG 29 MIN 03 SEC E, 55.99 FT; S 08 DEG 24 MIN 48 SEC E 7.46 FT; N 86 DEG 28 MIN 17 SEC E 65.95 FT; N 78 DEG 40 MIN 45 SEC E 168.46 FT; N 69 DEG 52 MIN 50 SEC E 52.70 FT; N 30 DEG 01 MIN 39 SEC E, 51.89 FT; N 63 DEG 39 MIN 48 SEC E, 94.42 FT; S 87 DEG 29 MIN 27 SEC E, 47.02 FT; N 57 DEG 53 MIN 34 SEC E 70.40 FT TO THE INTERSECTION OF SD APPROX MEAN HIGH WATER LN AND THE E LN OF LOT 1, OF SD PHILLIPS AND ALLEN RESUB; TH N 00 DEG 45 MIN 00 SEC E ALG SD E LN, A DIST OF 164.50 FT TO AN IRON ROD ON THE TOP OF BANK OF AN EXISTING CANAL; TH CONT N 00 DEG 45 MIN 00 SEC E, ALG SD E LN OF LOT 1 AND THE E LN OF AFOREMENTIONED TRACT 13, A DIST OF 269.71 FT TO THE NE CORNER OF SD TRACT 13; TH S 89 DEG 15 MIN 55 SEC W, ALG THE N LN OF SD TRACT 13, A DIST OF 267.65 FT; TH N 29 DEG 18 MIN 24 SEC W, 81.82 FT TO A PT ON THE SLY R/W LN OF AFOREMENTIONED OLD US 301; TH S 60 DEG 43 MIN 41 SEC W ALG SD SLY R/W LN, A DIST OF 402.23 FT TO THE POB (1692/6198); TOGETHER WITH THE FOLLOWING DESC PARCEL: BEG AT AN IRON PIPE, MARKING THE NW COR OF BLK 13, PHILLIPS AND ALLENS RE-SUB OF W H VANDERIPE SUB, AS REC IN PB 1 PG 308-A, TH S 00 DEG 45 MIN 00 SEC E ALONG THE W LN OF SD BLK 13, 113.70 FT TO A CONCRETE MONUMENT, MARKING THE INTERSECTION OF SD W LN AND THE SELY R/W OF TAMIAMI TRAIL (OLD US HWY 301) AS SHOWN ON PLAT OF "ROCKY BLUFF SHORES", REC IN PB 5 PG 16 FOR A POB; TH CONT S 00 DEG 45 MIN 00 SEC W ALONG SD W LN AND SLY EXTENSION THEREOF, 205.96 FT TO THE INTERSECTION OF SD LN AND THE C/L OF A VACATED STREET; TH N 88 DEG 25 MIN 00 SEC E ALONG SD C/L, 41.84 FT; TH N 10 DEG 48 MIN 59 SEC W 208.49 FT TO THE POB (1761/51) PI#8220.0010/9

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