Active

0 TOLEDO BLADE BLVD

NORTH PORT FL, 34289

$38,000,000


$1.76 per sqft

Active

494.84 Acres

Land

The property is located in the City of North Port in southern Sarasota County. The property contains 514+- acres which includes 200+ acres of developable land and 91 acres of lakes which can also serve as retention. The North Port Gardens development order includes approved uses for multifamily, commercial, medical, office, and Industrial uses. The city has allowed these uses to be moved or adjusted with a trade-off matrix. North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida and at the south gateway to the city. This exit is used for West Port, Lost Lagoon Water Park, Murdock business district, Benderson's industrial development, and numerous new multifamily developments. Directly to the north and east is 2,800 acres entitled for 3,500 residential units. The Toledo Villages property is under contract with Forestar and is the lot development arm for DR Horton. The 300 acres 1/4 mile to the north is entitled for 900,000 sq. feet of industrial. There are 5 lessees including one NYSE traded national user going to occupy 250,000 sq ft in November of 2024. The city of North Port is the 7th fastest growing city in the entire United States.

This is one of the last remaining unimproved exit on I-75 from Naples all the way to Gainesville. The property is completely entitled and has been annexed into the City of North Port. The approved land uses are residential (1135 dwelling units), commercial (350,000 sq ft), Office (800,000 sq ft), Hotel (450 rooms) and light industrial (600,000 sq ft).

Investment Highlights

- Rapidly growing area of the Florida Gulf Coast
- City planners and economic counsel are eager to work with developers
- North ports future Job Growth over the next 10 years is Projected at 41%
- Traffic count at the I-75 interchange: 60,000 Vehicles Per Day
- There were over 15,000 permits in 2022 in the city of North Port. 2023 is exceeding this as of November 1, 2023.

T3487756

MLS ID

November 27, 2023

Listed

June 12, 2024

Updated

Map

0 TOLEDO BLADE BLVD
NORTH PORT FL, 34289

Exterior/Building Features

Lot Size

494.84 Acres


Sewer

Public Sewer

Other Property Details

Area Name

34289 - North Port


Taxes

$510


Tax Frequency

Annually


Days on Market

186


Garage

No


View

No


County

Sarasota


Municipality

39S


Water Source

Public


Pool

No


Zoning

PCDN


Buyer Agency Compensation

2%

Listed by MID STATE REALTY CO
Listing Contact: 813-681-4861 

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Data last updated 6/12/2024, 6:15 PM UTC

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