Overview

Description

Located in the center of residential and commercial development, the Subject Property is currently being utilized as pasture for grazing cattle. With 772LF of frontage on 24th Ave East and nearly 642LF of depth. The property is mostly vacant pasture with less than an acre of combined wetlands on the western edge of the two parcels. The Subject Property is well-suited to become a residential development under the future land use RES-3.

Located in the middle of US-41, US-301, I-75 and I-275 in Palmetto, Florida, the Subject Property is ideally situated for future residential development. The Subject Property is currently zoned A-1(Agricultural Suburban District) allowing for agricultural and related uses as the parcel transitions from rural to suburban character. With convenient access to four major roads (US-41, US-301, I-75 and I-275) and just 14 miles from Sarasota Bradenton International Airport (SRQ) the Subject Property makes for easy travel throughout Southwest Florida.

The population of Palmetto has experienced steady growth since the year 2000 and is expected to reap the benefits of future growth as current trends show 1,000 people moving to Florida daily. Median household incomes in Palmetto are up over 65% while property values have increased nearly 139% since 2000. Palmetto is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property.

Highlights

• Ideally located between SR-41, US-301, I-75 and I-275
• In the path of residential development
• Future land use of Residential-3
• Water and sewer near site

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