8751 Fruitville ROAD Sarasota, FL $ 3,500,000
8751 Fruitville ROAD
$ 3,500,000
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8751 Fruitville ROAD

Sarasota, FL, 34240
$ 3,500,000
Baths0.0

Monthly Estimate*

$ 23,262

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Studio

Lots and Land for sale in Sarasota, FL

for $3,500,000. The lot size is 11.

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.

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Lots and Land Pending

Price

$ 3,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 16,087

Style

Lot Size

11

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4553122

Features
General
Sewer Public Sewer
Utilities 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 Conne
Possession Negotiable
Zoning OUR
Tax Year 2021
Current Use Business
Percent Ownership Fee Simple
Waterfront Features Lake Pond
Community Features Activity Core/Center
County Sarasota
Property Type Land
HOA / Comm Assn No
Subdivision Name PALMER FARMS 3RD
Facing Direction South
Status Pending
Directions Approximately 3-4 miles east of I75 on Fruitville Rd. Property is on the left across from The Founders Club.
High School Sarasota High
City SARASOTA
Buyer Agent Compensation 2.5%
Disclosures None
View Y/N No
MLS Area 34240 - Sarasota
Lot Size Units Acres
Lot Size Square Feet 324480
Waterfront Y/N Yes
Street Name Fruitville
Elementary School Tatum Ridge Elementary
Tax Annual Amount 16087
Middle/Junior High School McIntosh Middle
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4553122
Days on Market 285
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Tax Lot 1
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
Water View Lake Pond
Water Access Type Lake Pond
Water Access Y/N Yes
Water View Y/N Yes
Flood Zone Code X
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Exterior
Vegetation Mature Landscaping Oak Trees Trees
Lot Features Cleared Compact Soil Filled In County Level Out Parcel Sidewalk Street Lights Zoned for Horses
Water Source Canal/Lake For Irrigation Public Well
Lot Size Area 7.449
Lot Dimensions 520 x 624
Street Suffix ROAD
Lot Size Acres 11
Road Surface Type Paved Asphalt
Road Frontage Type Street Lights Street Paved County Road Turn Lanes Deeded Easement
Road Responsibility Private Maintained Road
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Interior
Total Baths 0
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* Excluded Features
List By
Keller Williams On The Water S

Broker

garyturners@gmail.com

Email

Affordability Calculator

$24,603
Per Month
95%
5%
0%
Monthly Principal & Interest
$23,262
Monthly Property Taxes
$1,341
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3324640 Elementary School
3325597 Middle School
Sarasota High High School
Pricing History
DatePricePrice ChangeDescription
12/1/2022$3,500,000 Listed Price

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8751 Fruitville ROAD, Sarasota, FL, 34240 is a Lots and Land for sale at $3,500,000 with a lot size of 11. 8751 Fruitville ROAD is a studio with 0.0 baths. The property's zip code is 34240 which is in Sarasota, FL