494 R And F Ranch RdNokomis, FL 34275

Property Details for 494 R And F Ranch Rd

Lot size

2.18 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 2.18-acre parcel in Nokomis, Florida, presents a unique development opportunity. Located at 494 R and F Ranch Rd, Sarasota County (APN 0388040003), this land is zoned OUE 1 and offers significant potential. Currently, a lot split requires rezoning, as indicated by Sarasota County Planning and Development. The City of Venice has expressed that annexation is possible, contingent on including the adjacent eastern parcel in the application to avoid creating an enclave. Importantly, a Subdivision Plat won't be needed for future rezoning, according to the City of Venice. A single-family residential rezoning could allow for 2 to 5 units per acre. Priced at $1,175,000 ($538,991/acre), this property represents a strategic investment. The sale of this northern portion of a larger 4.36-acre parcel would create a larger access easement. This could facilitate a future sale or lot split of the adjacent eastern parcel, unlocking development potential for four additional parcels fronting a golf course. The property's location in Nokomis, Florida, 34275, offers convenient access to local amenities and attractions. This is an excellent opportunity for developers seeking a prime residential land parcel with significant upside potential.

Location Insight

City

Nokomis

County

Sarasota

State

Florida

Latitude

27.1298

Longitude

-82.4172

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