5400 Greenwood AveNorth Port, FL 34287

Property Details for 5400 Greenwood Ave

Lot size

5.94 AC

Property type

Residential income properties

Property subtype

Other land

Description

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.

Location Insight

City

North Port

County

Sarasota

State

Florida

Latitude

27.0416

Longitude

-82.2183

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