For Sale
$2,300,000

5400 Greenwood AveNorth Port, FL 34287

5.94 Acres, RMF Zoning, Multifamily Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5.94-acre parcel located at 5400 Greenwood Avenue, North Port, Florida, 34287, presents a remarkable investment opportunity. The property is zoned RMF, allowing for multifamily development. Previous approvals for a 119-unit senior housing development existed, offering a potential blueprint for future development, though reinstatement may require additional work. Situated in the desirable North Port/Port Charlotte area, this prime location offers unparalleled potential for a new multifamily project or expansion. The expansive lot size provides ample space for a significant development, catering to the growing demand for residential housing in this thriving region. The property's APN is 1001-00-1010. This is an exceptional opportunity for investors seeking to capitalize on the burgeoning multifamily market in Sarasota County. The asking price is $2,300,000. The property's strategic location and RMF zoning make it an ideal canvas for a developer seeking to create a thriving residential community. This is a promising opportunity with unlimited possibilities for residential development.

Highlights

  • RMF zoning allows for a 119-unit senior housing development (previously approved, requires reinstatement).
  • Excellent North Port/Port Charlotte location.
  • Prime multifamily investment opportunity.
  • High potential for new residential construction.
  • Promising multifamily investment.
  • Significant residential development potential.

Property Details for 5400 Greenwood Ave

Property type
Land
Lot Size (sq. ft)
258,746 SF

Location Insight

City
North Port
County
Sarasota
State
Florida
Latitude
27.0416453
Longitude
-82.2183219
5400 Greenwood Ave, North Port, Florida

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5400 Greenwood Ave
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