County Rd 675
Myakka City, FL, 34251 $ 750,000
Baths0.0 Monthly Estimate*
$ 4,985
Studio
for $750,000. The lot size is 1.54.
Incredible development / land-banking opportunity at the eastern edge of fast-growing Lakewood Ranch. Located at the corner of SR 70 and CR 675 in Manatee County with tremendous growth all around, this is your chance to acquire a property that is soon to be in high demand as growth eastward on SR 70 is expected to continue to increase as evidenced by the recent combined traffic count escalations to almost 22,000 cars per day. This intersection is part of Phase 2 in a road widening and development project occurring along SR 70 from Lorraine Road out to CR 675 and is expected to begin construction in the second half of 2024. Included in that project is the widening of SR 70 from 2 lanes to 4 lanes in order to support commuter and freight traffic that has increased in the area over the last few years, as well as the construction of a roundabout at the corner of CR- 675 and SR-70 offering unparalleled visibility, lower traffic speeds, and increased accessibility to the property. In conjunction with the added roundabout, the "off-ramp" from westbound SR-70 onto northbound CR- 675 will be demolished, making this site a true hard corner. Initially the land under the demolished roadway will serve as a buffer to the adjacent properties, however there is potential to have this right-of-way vacated allowing for this for additional land to be added to this development site, making it grow in size and opportunity. The current agricultural zoning of the property allows for commercial uses that support the agricultural community including office, veterinary clinic, equipment sales, pet kennel, and even a Bed & Breakfast. A potential rezoning to Commercial would open the door for a dollar store, general store, gas station, farm store, or other supportive retail uses. Situated at the corner of CR-675 and SR 70, this site is part of a hub allowing access North to South and East to West. CR-675 is a main north- south road that leads up to SR.64 and northwards into the exploding Parrish, Florida area. While SR-70 spans the entire state connecting Bradenton on the west coast, across the state through premium agricultural and farming areas such as Myakka City, Arcadia, Okeechobee, and over to the East Coast in Fort Pierce. As such SR-70 has been recognized by the state of Florida as a Strategic Intermodal System Road as a high priority for transportation throughout the center of the state. Not only is this site at a highly trafficked intersection, but it is also located just outside of Lakewood Ranch. Lakewood Ranch has been recognized as the #2 top-selling master-planned community in the nation and recognized by Manatee County as one of four major growth and focus areas of the County. This site is positioned at the closest main intersection to the high-end Panther Ridge and Pomello Ranches subdivisions, as well as the Concession Golf Club. Other nearby amenities and attractions include The Premier Sports Campus at Lakewood Ranch, TreeUmph! Adventure Course, Bearadise Ranch Bear Preserve, and the location of the Sarasota Medieval Fair which is open throughout the month of November.
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FeaturesGeneralSewer None
Utilities Electrical Nearby Water Nearby
Zoning A
Tax Year 2021
Current Use Agricultural
Percent Ownership Fee Simple
County Manatee
Property Type Land
Subdivision Name POMELLO CITY CENTRAL UNIT
Status Active
Directions From Interstate 75 and State Road 70 head east on State Road 70. The property will be on the left at the intersection of State Road 70 and County Road 675.
City MYAKKA CITY
Buyer Agent Compensation 3%
View Y/N No
MLS Area 34251 - Myakka City
Lot Size Units Acres
Lot Size Square Feet 67082
Waterfront Y/N No
Street Name County Rd 675
Tax Annual Amount 22
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4553495
Days on Market 540
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description THAT PORTION OF THE FOLLOWING LOTS WHICH FALL WITHIN THE INTERSECTION OF S.R. 70 / S.R. 675 AS SHOWN ON F.D.O.T. R/W MAP SEC 13160-2506 LOTS 22 THRU 29 INCLUSIVE LOTS 66 THRU 70 INCLUSIVE BLK 26 ALL
Water Access Y/N No
Water View Y/N No
Flood Zone Code X
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ExteriorWater Source None
Lot Size Area 1.54
Lot Dimensions 304 x 200
Lot Size Acres 1.54
Road Surface Type Asphalt
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* Excluded FeaturesList BySvn Commercial Advisory GroupBroker
tony.veldkamp@svn.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,985
- Monthly Property Taxes
- $2
- 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.
Learn more about how to save NearbyLots and land listings in Myakka City, FL
Average List Price $672,988
Percent of Sale Price 10%
About Myakka City, FL 7,175 Population
72% Since 2002
$ 80,424 Median Income
41.44 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
1/22/2024 | $675,000 | -10.00% | Price Down |
11/28/2022 | $750,000 | | Listed Price |