Josefina Ruiz

Broker Associate | License ID: BK3254176

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$ 3,500,000

Est. payment -/mo

Sold on 02/17/2025

8751 FRUITVILLE RD Sarasota, FL 34240

11 Acres Lot

UPDATED:

Key Details

Sold Price $3,500,000

Property Type Vacant Land

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Subdivision Palmer Farms 3Rd

MLS Listing ID A4553122

Sold Date 02/17/25

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $16,087

Lot Size 11.000 Acres

Acres 11.0

Lot Dimensions 520X624

Property Sub-Type Business

Property Description

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.

Location

State FL

County Sarasota

Community Palmer Farms 3Rd

Zoning OUR

Exterior

Community Features Activity Core/Center

Utilities Available 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

Waterfront Description Lake,Pond

View Y/N 1

Water Access 1

Water Access Desc Lake,Pond

Building

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

Lot Size Range 10 to less than 20

Sewer Public Sewer

Water Canal/Lake For Irrigation, Public, Well

Schools

Elementary Schools Tatum Ridge Elementary

Middle Schools Mcintosh Middle

High Schools Sarasota High

Others

Ownership Fee Simple

Acceptable Financing Lease Option, Lease Purchase, Private Financing Available

Membership Fee Required None

Listing Terms Lease Option, Lease Purchase, Private Financing Available

Special Listing Condition None

Listed by KELLER WILLIAMS ON THE WATER S
Bought with STELLAR NON-MEMBER OFFICE

Josefina Ruiz

Broker Associate | License ID: BK3254176

+1(407) 770-7443

GET MORE INFORMATION

8751 FRUITVILLE RD Sarasota, FL 34240

Key Details

Location

Exterior

Building

Schools

Others

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8751 FRUITVILLE RD