Address: 6755 Us Highway 301 N, ELLENTON, FL 34222
Description
Exceptional 11.1 +/ acre waterfront development opportunity in Ellenton, Florida, a bedroom community to Tampa and St. Petersburg. Site consists of three contiguous parcels with over 600 feet of direct water frontage along the scenic Manatee River on the south side, plus with just under 700 feet of canal water frontage along the east side, and nearly 1,000 feet of frontage along the heavily trafficked US Highway 301 on the north side. The site is one of the only remining sites in Manatee County with both arterial road frontage and navigable water access. Site also has an artesian well and fiber optic high speed internet connectivity.
Located just east of the Interstate 75 interchange in the North River submarket of Manatee County, the property offers excellent regional connectivity, with immediate access to I 75 via a newly constructed $145 million interchange that has greatly improved traffic flow and reduced congestion providing seamless travel south to Bradenton and Sarasota or north to Tampa and St. Petersburg.
The site is ideally suited for a high density/intensity mixed use development, which could include some combination of luxury apartments or condos, hotel with a rooftop restaurant, resort with a marina, a waterfront restaurant with a day dock and/or retail outparcels.
The propertys Future Land Use (FLU) designation is Retail/Office/Residential (ROR), which allows for up to 40 dwelling units per acre with a density bonus for affordable housing and/or a mixed use project. This is one of Manatee Countys most favorable FLU classifications, which allows for very high intensity development with a maximum potential intensity of 1.0 Floor Area Ratio (FAR).
Alternatively, the property may qualify for Floridas recently updated Live Local Act, which allows for high density multifamily developments to be approved administratively on commercial zoned land, if a percentage of affordable housing is provided.
This is a rare opportunity to capitalize on a highly visible, waterfront development site in one of the regions fastest growing submarkets. The scarcity and unique features of this property will help increase its value over time, making it the perfect replacement property for a 1031 buyer.
Exceptional 11.1 +/ acre waterfront development opportunity in Ellenton, Florida, a bedroom community to Tampa and St. Petersburg. Site consists of three contiguous parcels with over 600 feet of direct water frontage along the scenic Manatee River on the south side, plus with just under 700 feet of canal water frontage along the east side, and nearly 1,000 feet of frontage along the heavily trafficked US Highway 301 on the north side. The site is one of the only remining sites in Manatee County with both arterial road frontage and navigable water access. Site also has an artesian well and fiber optic high speed internet connectivity.
Located just east of the Interstate 75 interchange in the North River submarket of Manatee County, the property offers excellent regional connectivity, with immediate access to I 75 via a newly constructed $145 million interchange that has greatly improved traffic flow and reduced congestion providing seamless travel south to Bradenton and Sarasota or north to Tampa and St. Petersburg.
The site is ideally suited for a high density/intensity mixed use development, which could include some combination of luxury apartments or condos, hotel with a rooftop restaurant, resort with a marina, a waterfront restaurant with a day dock and/or retail outparcels.
The propertys Future Land Use (FLU) designation is Retail/Office/Residential (ROR), which allows for up to 40 dwelling units per acre with a density bonus for affordable housing and/or a mixed use project. This is one of Manatee Countys most favorable FLU classifications, which allows for very high intensity development with a maximum potential intensity of 1.0 Floor Area Ratio (FAR).
Alternatively, the property may qualify for Floridas recently updated Live Local Act, which allows for high density multifamily developments to be approved administratively on commercial zoned land, if a percentage of affordable housing is provided.
This is a rare opportunity to capitalize on a highly visible, waterfront development site in one of the regions fastest growing submarkets. The scarcity and unique features of this property will help increase its value over time, making it the perfect replacement property for a 1031 buyer.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: None
Utilities
Carport Spaces: 0.00
Road Frontage Type: County Road, Divided Highway, Main Throrughfare
Sewer: None
Utilities: Electrical Nearby, Water Nearby
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Current Use: Commercial
Legal Description: BEG AT NE COR OF PROP IN SEC 10 DESC IN DB 283 P 296, SD PT BEING ON SLY R/W LN OF U S 301; TH N 60 DEG 01 MIN 00 SEC E, ALG SD SLY R/W LN, 231.57 FT; TH S 00 DEG 17 MIN 03 SEC W, 220 FT; TH S 60 DEG 01 MIN 00 SEC W, 289.46 FT; TH N 00 DEG 17 MIN 03 SEC E, 220 FT TO SD SLY R/W OF U S 301; TH N 60 DEG 01 MIN 00 SEC E, ALG SD SLY R/W LN, 57. 89 FT TO THE POB; SUBJ
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