2+ Acre Fully Entitled Waterfront Development — Sale in Ellenton, FL

  • Price: $4M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Ellenton, FL 34222

Description

Introducing a remarkable development opportunity in the thriving Parrish/Ellenton area – an impressive 2.16-acre site with PD-MU zoning and multiple future land use designations (ROR/CPA/CEA/CHHA/ENT). Boasting a favorable floor area ratio of .92, this property offers the potential to construct a substantial 91,000 sq. ft. building, with up to 5 stories over parking and up to 119 rooms. Making it an ideal prospect for multifamily or hospitality development. The sought-after PD-MU zoning presents a variety of possibilities for mixed-use development, allowing investors to explore diverse options for this prime parcel of land. Positioned in the dynamic Bay area market, this property holds immense potential for those seeking a strategic investment and development opportunities in the fast-growing and in-demand multifamily and hospitality sector. Nestled on the picturesque Manatee River, this 2.16-acre waterfront development site enjoys a prime location just east of the Interstate 75 off-ramp in the rapidly expanding Parrish/Ellenton area. Positioned at the heart of a bustling retail and dining sector, the property is surrounded by the popular Prime Outlet Mall, the Ellenton Ice and Sports Complex, and an array of shopping centers and retail developments in every direction. With its strategic positioning in this vibrant commercial hub, the site offers unparalleled access to a diverse range of retail and dining options, making it an enticing prospect for developers seeking a prime location for a multi-story residential or hotel project. 2.16 acre site PD-MU zoning with multiple future land use designations FAR of .92 Can build up to 91,000 sq. ft. building Up to 5 stories over parking Up to 119 rooms Land Size: 2.16 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Ellenton, FL is listed for sale at $3,995,000. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Ellenton, FL — view the full market.

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