0 In A Qoz Adjoining Warm Mineral SpgNorth Port, FL 34287

Property Details for 0 In A Qoz Adjoining Warm Mineral Spg

Property size (Sq ft)

788,436 SF

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 18-acre (788,436 sq ft) development site in North Port, Florida (zip code 34287), presents a unique investment opportunity adjacent to Warm Mineral Springs. Located within a Qualified Opportunity Zone (QOZ), this property offers significant tax advantages. The site comprises four separate parcel groups, totaling 26 parcels, and can be purchased individually or as a complete package for $5,800,000. The approved master plan allows for a diverse range of uses, including commercial, retail, hotel, medical, office, institutional, and up to 78 multifamily dwelling units (up to 25 units per acre). Detailed plans permit 145,000 square feet for commercial/retail/hotel development and 124,000 square feet for medical/office/institutional uses. The property benefits from the City of North Port's significant investment in the Warm Mineral Springs area, including over $9,000,000 allocated for the creation of an internationally recognized wellness center. This investment, coupled with planned infrastructure improvements slated for completion within 17 months, positions this site for exceptional growth. The site's proximity to popular shopping, dining, new residential neighborhoods, and Wellen Park (including Cool Today Park, the Atlanta Braves' spring training location) further enhances its appeal. North Port's projected 12% population increase by 2027 promises a strong and expanding market for this mixed-use development, creating a true "live-work-play" environment. The seller prefers to sell the entire property as a single package. This presents a compelling opportunity for master developers to create a thriving community project or for sub-developers to collaborate on individual components.

Location Insight

City

North Port

County

Sarasota

State

Florida

Latitude

27.0563

Longitude

-82.2616

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