0 Crestwood Rd And Pne StEnglewood, FL 34223

Property Details for 0 Crestwood Rd And Pne St

Lot size

20.53 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 20.53-acre site in Englewood, Florida, presents a remarkable opportunity for multifamily development. Located at the intersection of Crestwood Road and Pine Street in Sarasota County (zip code 34223), this "shovel-ready" property boasts approved plans for a 306-unit apartment complex, divided into two phases. Phase I encompasses 306 dwelling units across five three-story buildings offering 1, 2, and 3-bedroom apartments, complete with elevators, stairs, a clubhouse featuring a pool, pickleball courts, and a dog run, a maintenance building, and four detached garage buildings with a total of 25 stalls. Phase II is designated for future commercial development. The property is zoned RMF-3 (allowing 13 dwelling units per acre) and OPI (Office, Professional, Institutional), ensuring flexibility and potential for expansion. All essential utilities—water, storm sewer, electric, and sanitary sewer—are readily accessible (approximately 800 feet from the property). The site enjoys a prime location east of SR-776, south of US-41 and Interstate 75, benefiting from a combined average annual daily traffic count of 117,900. Its proximity to Wellen Park, a thriving community featuring a downtown shopping center and the Atlanta Braves spring training facility (10 miles north), further enhances its appeal. The property sits at a consistent elevation of approximately 9-10 feet. This is an unparalleled opportunity to capitalize on the strong demand for multifamily housing in this rapidly growing area.

Location Insight

City

Englewood

County

Sarasota

State

Florida

Latitude

26.9585

Longitude

-82.3368

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