• 8751 Fruitville Road SARASOTA, FL 34240

  • $3,500,000
  • 324,480
    Sq Ft
  • 11
    Acres
  • Listed By: KELLER WILLIAMS ON THE WATER S
  • Source: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

Under contract-accepting backup offers. 11 +/- acres for sale! This is a RARE OPPORTUNITY to acquire versatile land in the heart of Sarasota just South of Lakewood Ranch and the rapidly developing communities of Waterside Place. This property sits adjacent to Faith Baptist Church on Fruitville road, just east of the Fruitville initiative. As Sarasota continues to develop Eastward, this property stands to be a valuable centerpiece in the community. The infrastructure and utilities are already in place for anything that would be approved under a Special Exception, or a rezone and the owner has started the process for Special Exception in order to fast track approvals for the buyer. The “OUR” zoning provides many opportunities and use cases for the use of the property. See the attachments for a comprehensive list of uses which could be approved under a “Special Exception.” The way this property is offered allows entitlements to be calculated using the whole 22+/- acres of the entire parcel and the Seller will allow use of some of the 600 parking spaces and perhaps some of the facilities of the existing campus. Owner financing is a possibility for an approved use as long as the use is compatible with the church. The owners would also consider a long-term lease or a lease-purchase.

Property Type :

Land

Subdivision :

Palmer Farms 3rd

County :

Sarasota

Style :

Land

Property Details

 

Water Source

Water front: 1

WaterSource: Canal/Lake For Irrigation, Public, Well

Lot Information

Lot Dimensions: 520X624

Lot Description: Cleared, Compact Soil, Filled, In County, Level, Out Parcel, Sidewalk, Street Lights, Paved, Zoned for Horses

Lot Square Feet: 324480

Lot Acres: 11

Lot Size (SqMt): 30145

Property Information

Property Type: Land

Listing Price Information

Original List Price: $3500000

Tax Information

Tax Block: 1

Tax Lot: 1

Tax Legal Description: COM AT NW COR OF SEC 22-36-19, TH N 89-10-30 E 1062.65 FT FOR POB TH CONT N 89-10-30 E 763.94 FT TH S 00-31-15 W 1257.61 FT TO N R/W OF FRUITVILLE RD TH S 89-00-41 W 161.62 FT TH S 89-14-37 W 520

Annual Tax: $16087

Tax Year: 2021

Parcel Number: 0221013316

School Information

Elementary School: Tatum Ridge Elementary

Junior High School: McIntosh Middle

Senior High School: Sarasota High

Utility Information

BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Fiber Optics, Fire Hydrant, Phone Available, Sewer Connected, Sprinkler Well, Street Lights, Underground Utilities, Water Connected

Sewer: Public Sewer

Water Source: Canal/Lake For Irrigation, Public, Well

Location Information

Subdivision: PALMER FARMS 3RD

City: SARASOTA

Direction: Approximately 3-4 miles east of I75 on Fruitville Rd. Property is on the left across from The Founders Club.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4052 Founders Club Drive, Sarasota, FL,34240 $740,000 -- -- 32,026 0.74 Acre
3731 Founders Club Drive, Sarasota, FL,34240 $930,000 -- -- 25,671 0.59 Acre
S. Brink Avenue, Sarasota, FL,34240 $300,000 -- -- 35,740 0.8 Acre
4008 Founders Club Drive, Sarasota, FL,34240 $2,195,000 3 4 3,970 0.6 Acre
15111 Gaddy Up Ranch Road, Sarasota, FL,34240 $3,700,000 -- -- 3,598,766 82.6 Acres
Hidden River Road, Sarasota, FL,34240 $674,999 -- -- 446,472 10.25 Acres
2986 Bravura Lake Drive, Sarasota, FL,34240 $780,000 3 3 2,504 0.3 Acre
2009 Myakka Rd, Sarasota, FL,34240 $595,000 4 1 1,988 4.76 Acres
560 Oakford Road, Sarasota, FL,34240 $1,475,000 3 2 3,009 10.11 Acres
10507 Fruitville Road, Sarasota, FL,34240 $3,750,000 -- -- 218,400 5.01 Acres

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Based on information submitted to the MLS GRID as of 04/24/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 04/24/2024 @ 18:20

MLS: MFRMLS #A4553122
LISTED BY: Gary Turner, KELLER WILLIAMS ON THE WATER S
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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