This exceptional 2-acre outparcel at Palmer Crossing in Sarasota, FL (APN 0095-05-0001), offers a unique investment opportunity. Priced at $1,975,000 ($22.67/sq ft), this 87,120 square foot development site boasts a highly desirable location at the signalized intersection of Honore Ave and Northridge Road, experiencing over 85,000 vehicles daily. Currently zoned OUE, the owner is actively pursuing commercial rezoning, and the site will be delivered "pad ready." Benefit from the established success of neighboring businesses including Publix, Walmart Neighborhood Market, Walgreens, Bealls, Office Max, Applebee's, Chick-fil-A, and Jimmy John's. This strategic location provides easy access to Palmer Ranch communities and major arterial highways, including the recently extended Honore Ave, running parallel to I-75. The surrounding area demonstrates strong demographics, with a population of 5,100 within 1 mile and 53,300 within 3 miles, and household incomes of $49,700 and $55,500 respectively. This presents a compelling opportunity for developers seeking high-visibility commercial development in a thriving Sarasota location. The property is situated at 6049 Honore Ave, Sarasota, FL 34238.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$401,994
Hospitality
$368,224
Educational
$306,358
Medical
$316,894
Retail
$476,557
Location Insight
City
Sarasota
County
Sarasota
State
Florida
Latitude
27.2659
Longitude
-82.4641
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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