Pending

8751 FRUITVILLE RD

SARASOTA FL, 34240

$3,500,000


$10.79 per sqft

Pending

7.45 Acres

Land

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.

A4553122

MLS ID

December 1, 2022

Listed

March 22, 2024

Updated

Map

8751 FRUITVILLE RD
SARASOTA FL, 34240

Exterior/Building Features

Lot Size

7.45 Acres


Lot Features

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


Sewer

Public Sewer

School Information

High School

Sarasota High


Elementary School

Tatum Ridge Elementary

Other Property Details

Area Name

34240 - Sarasota


Taxes

$16,087


Tax Frequency

Annually


Days on Market

285


Garage

No


View

No


County

Sarasota


Municipality

36


Water Source

Canal/Lake For Irrigation, Public, Well


Pool

No


Waterfront

Yes


Zoning

OUR


Buyer Agency Compensation

2.5%

Listed by Gary Turner, with KELLER WILLIAMS ON THE WATER S
Listing Contact: 941-803-7522 

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Data last updated 3/22/2024, 7:53 AM UTC

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