Properties

Property Description

The property is located in the City of North Port in southern Sarasota County. The property contains 514± acres which includes 200+ acres of developable land and 91 acres of lakes which can also serve as retention. The North Port Gardens development order includes approved uses for multifamily, commercial, medical, office, and Industrial uses. The city has allowed these uses to be moved or adjusted with a trade-off matrix. North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida and at the south gateway to the city. This exit is used for West Port, Lost Lagoon Water Park, Murdock business district, Benderson’s industrial development, and numerous new multifamily developments. Directly to the north and east is 2,800 acres entitled for 3,500 residential units. The Toledo Villages property is under contract with Forestar and is the lot development arm for DR Horton. The 300 acres ¼ mile to the north is entitled for 900,000 sq. feet of industrial. There are 5 lessees including one NYSE traded national user going to occupy 250,000 sq ft in November of 2024. The city of North Port is the 7th fastest growing city in the entire United States.

This is one of the last remaining unimproved exit on I-75 from Naples all the way to Gainesville. The property is completely entitled and has been annexed into the City of North Port. The approved land uses are residential (1135 dwelling units), commercial (350,000 sq ft), Office (800,000 sq ft), Hotel (450 rooms) and light industrial (600,000 sq ft).

Investment Highlights

– Rapidly growing area of the Florida Gulf Coast
– City planners and economic counsel are eager to work with developers
– North ports future Job Growth over the next 10 years is Projected at 41%
– Traffic count at the I-75 interchange: 60,000 Vehicles Per Day
– There were over 15,000 permits in 2022 in the city of North Port. 2023 is exceeding this as of November 1, 2023.

Features
: Public Sewer
: Public
Address Map
US
FL
Sarasota
North Port
34289
TOLEDO BLADE
BOULEVARD
W83° 50' 39.9''
N27° 4' 27.7''
34289 - North Port
PCDN
North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida
Additional Information
1320x2640
: Public
https://www.propertypanorama.com/instaview/stellar/T3487756
2023-11-27
: Unimproved
Financial
510.28
Listing Information
261562438
261562436
Canceled
2024-06-19T16:55:07Z
Stellar
: None
2024-06-19T16:53:43Z
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BOULEVARD North Port

0 Toledo Blade Boulevard, North Port, Florida 34289

514 Acre
$38,000,000
Listing ID #T3487756
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : T3487756
Price : $38,000,000
Lot Area : 514 Acre
Status : Canceled
Office Name : MID STATE REALTY CO
Agent Name : Matt Pallardy
Listing Status : Canceled
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Erica Diaz Team

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Phone: (407) 904-2702
Hours: Everyday, 9AM – 5PM
Address: 326 S Dillard St, Winter Garden, FL. 34787

Erica Diaz, P.A. DBA Erica Diaz Team. MLS License #261211327. Brokered by Homevest Realty.

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