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$38,000,000
87 Days Online

Toledo Blade Boulevard
North Port, FL 34289

For Sale|Land|Active
Subdivision:
Acreage & Unrec
County:
Sarasota

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Toledo Blade BoulevardToledo Blade BoulevardToledo Blade BoulevardToledo Blade Boulevard
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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 ¼ 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 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.

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Listing Snapshot
Price 
$38,000,000
Days Online 
87 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
514 Acres
Year Built 
N/A
MLS Number 
T3487756
Status 
Active
Property Tax 
$510
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
3 months agoListing first seen online
General Features
Sewer 
Public Sewer
Acreage 
514
Water 
Public
Zoning 
PCDN
Ownership 
Co-op
Parcel Number 
1092001000
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Exterior Features
Waterfront Property 
No
Community Features
Township 
39S
MLS Area 
34289 - North Port
Listing courtesy of MID STATE REALTY CO 813-681-4861



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-02-23 07:25 AM EST

Neighborhood & Commute
Source: Walkscore
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