for sale > american momentum | land portfolio · 2020. 12. 4. · american momentum | land...

AMERICAN MOMENTUM | LAND PORTFOLIO FOR SALE > DEVELOPMENT OPPORTUNITY

STEVE LANNONSenior Asset Manager+1 727 442 [email protected]

FRED KOLB, MBA, CCIMManaging Director+1 239 985 [email protected]

VIDEO ONLINEVIEW DRONE

CHRISTOPHER LEONARD, CCIMExecutive Managing Director +1 727 443 [email protected]

JIM GARINGER, CCIM, SIORExecutive Managing Director+1 239 985 [email protected]

TOLEDO BLADE & PRICE BLVD. | NORTH PORT, FL

E N T I R E P O R T F O L I O

P A R C E L T A X I D # S I Z E

A 0983-01-0010B 0983-02-0010C 0983-03-0010 100± acresD 0983-04-0010E 0983-05-0010F 0983-06-0010G 1118-01-0010 14.5± acresH 0985-03-0010 31.4± acresI 0985-04-0010 8.6± acresJ SOLD-AUG 2020 4.0± acresK 0984-04-0010 18.5± acresL IN CONTRACT 13.8± acresM SOLD - AUG 2019 8.7± acres

E Price BlvdE Price BlvdProposedProposed

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SUNDOWN PLAZA MIXED-USE DEVELOPMENT WITH 224

MULTIFAMILY UNITS

INTRODUCTION DEMOGRAPHICS

The City of North Port, one of Florida’s fastest growing cities, is strategically located in Sarasota County, on Florida’s Gulf Coast midway between Tampa and Fort Myers. North Port-Sarasota-Bradenton is the 6th largest metropolitan area in Florida leading in job growth. Over the past twelve years North Port has experienced a steady increase in population and recently became the lead city for the North Port-Bradenton-Sarasota Metropolitan Statistical Area (MSA). Impact fees, utility and land costs in North Port are among the lowest in southwest Florida. Over the past 10 years North Port has endeavored to improve roadways, expand wastewater treatment capacity. build new fire stations, schools, parks and recreation facilities, and increase sewer and water infrastructure to accommodate new development opportunities.

The existing zoning designation for the portfolio is Planned Community Development (PCDl. The City of North Port established 8 Activity Centers with this land located in Activity Center 5 CAC-5). Activity Center 5 is planned as a mixed use development. These properties are members of the North Port Activity Center 5 Association, Inc.

North Port’s Economic Development Program has incentives to offer.

Toledo Blade Blvd. & Price Blvd. North Port, FL

Total Population 1-Mile: 4,283

3-Mile: 32,9975-Mile: 60,882

Daytime Population 1-Mile: 2,268

3-Mile: 26,0355-Mile: 57,681

Average HH Income1 Mile: $89,8163-Mile: $85,1345-Mile: $81,323

Households1-Mile: 1,626

3-Mile: 12,0015-Mile: 23,316

Total Businesses1-Mile: 2543-Mile: 618

5-Mile: 2,318

Median Age 1 Mile: 38.63-Mile: 39.35-Mile: 43.3

E L E C T R I C :

F L O R I D A P O W E R

& L I G H T

T E L E P H O N E :

V E R I Z O NW A T E R & S E W E R :

C I T Y O F

N O R T H P O R T

C A B L E :

C O M C A S T

UTILITIES

Accelerating success.

PARCELS A-F

Site Size 100± ACRES (6 PARCELS)

Address NW quadrant of Toledo Blade Boulevard and Price Boulevard

Frontage 1,900’ Toledo Blade Boulevard1,260’ on West Price Boulevard

Taxes $83,978 (2020)

Traffic 14,300 W. Price Blvd19,300 N. Toledo Blade Blvd

Use(s)

Retail, Restaurant, Hotel, Government, Multifamily/Townhomes, Vocational School, University

This is an opportunity to acquire a 100± acre development site with a large lake in the center. It is situated in the northwest quadrant of Toledo Blade Boulevard and West Price Boulevard in the city of North Port. The site is less than 2-miles from Interstate 75 and the newly built Sarasota County Technical College to the north and less than 1-mile is the Sarasota Memorial Hospital Emergency Room & Health Care Center to the south. This site is surrounded by growth. In the southeast quadrant is Sundown Plaza, a mixed-use development with a Wawa convenient store/gas station, several retail outparcels and a multifamily component, The Flats at Sundown, with 224 units.

PARCEL G

This is an opportunity to acquire parcel G in the portfolio, a 13.3± acre site in the southeast quadrant of Toledo Blade Boulevard and E. Price Boulevard in the city of North Port. This is an ideal location for apartments or multifamily housing. Surrounding area amenities include Publix. Buffalo Wings & Rings, Pizza Hut, Walgreens, Advanced Auto Parts, Auto Zone, Jiffy Lube, Heartland Dental, Sarasota Memorial Hospital Emergency Facility, Suncoast Technical College and more. Fifth Third Bank is coming soon and a proposed Wawa. Also a multifamily project The Flats at Sundown, with 224 units. Easy access to downtown North Port, Interstate 75 and just

Site Size 13.3± ACRES

Address 501 E. Price Boulevard

Frontage 360’ E. Price Boulevard

2018 Taxes $14,755 (2020)

Traffic 19,300 on N. Toledo Blade Blvd.14,300 on W. Price Blvd.

Use(s) Medium density apartments and more


PARCEL H

This is an opportunity to acquire parcel H in the portfolio, a large mixed use development site. The site is 31.40± acre situated in the southeast quadrant of Toledo Blade Boulevard and E. Price Boulevard in the city of North Port. This is an ideal location for mixed-use retail or apartments Surrounding area growth includes Publix, Buffalo Wings & Rings, Pizza Hut, Walgreens, Advanced Auto Parts, Auto Zone, Jiffy Lube, Heartland Dental, Sarasota Memorial Hospital Emergency Facility, Suncoast Technical College and more. Easy access to downtown North Port, Interstate 75 and just 5 miles north of Port Charlotte Town Center. The proposed extension of Citizens Parkway will allow for further ease of access.

PARCEL I

This is an opportunity to acquire parcel I in the portfolio, a 8.6± acre site in the southeast quadrant of Toledo Blade Boulevard and E. Price Boulevard in the city of North Port. This is an ideal location for a medical user. This site is less than 2-miles from Interstate 75 and less than 1-mile from the Sarasota Memorial Hospital Emergency Room & Health Care Center to the south. Surrounding area growth includes a variety of amenities. Easy access to downtown North Port and Interstate 75. The proposed extension of Citizens Parkway will allow for further ease of access.


Address 1150 S. Toledo Blade Blvd

Frontage 1400’ on Toledo Blade Blvd

2018 Taxes $39,611 (2020)


Use(s) Mixed-use Retail, medium density apartments and more



Frontage 380’ on Toledo Blade Blvd

2018 Taxes $12,500 (2020)


Use(s) Medical and more


PARCEL K

This is an opportunity to acquire parcel K in the portfolio, a large development tract with Toledo Blade & Citizens Parkway frontage and contiguous to new development. This 18.5± acre site is situated in the northwest quadrant of Toledo Blade Boulevard and Citizens Parkway in the city of North Port, served by offsite drainage. This is an ideal location for apartments or multifamily. Surrounding area growth includes Publix, Buffalo Wings & Rings, Pizza Hut, Walgreens, Advanced Auto Parts, Auto Zone, Jiffy Lube, Heartland Dental, Sarasota Memorial Hospital Emergency Facility, Suncoast Technical College and more. Easy access to downtown North Port, Interstate 75 and just 5 miles north of Port Charlotte Town Center.

PARCEL L

This is an opportunity to acquire parcel L in the portfolio, 13.8± acres of dry land served by offsite drainage. This site is situated in the southeast quadrant of Citizens Parkway and Price Boulevard in the city of North Port. This is an ideal location for apartments or multifamily housing. Surrounding area amenities include Publix. Buffalo Wings & Rings, Pizza Hut, Walgreens, Advanced Auto Parts, Auto Zone, Jiffy Lube, Heartland Dental, Sarasota Memorial Hospital Emergency Facility, Suncoast Technical College and more. Fifth Third Bank is coming soon and a proposed Wawa. Easy access to downtown North Port, Interstate 75 and just 5 miles north of Port Charlotte Town Center. Located directly



Frontage 1,200’ on Toledo Blade Blvd1,700’ on Citizens Parkway

2018 Taxes $29,579 (2020)


Use(s) Medium density apartments, multifamily and more


Address 1191 W. Price Boulevard

Frontage 570’ W. Price Boulevard1,000’ on Citizens Parkway

2018 Taxes $26,146 (2020)


Use(s) Medium density apartments and more


MARKET OVERVIEW

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020 All rights reserved.

SITE

NORTH

WELLEN PARK

HARBOR COVE

COCOPLUM VILLAGE SHOPSSHOPPES AT NORTH PORT

TUSCOLA COMMONS

PORT CHARLOTTE TOWN CENTER

Braves Spring Training Facility:The new $100 million ballpark in Wellen Park (fromerly the West Villages), built with a combination of funding from the Braves, North Port, Sarasota County and the state, features 6,500 fixed seats, with the ability to accommodate another 2,500 general admission patrons on the berm and concourse.

WARM MINERAL SPRINGS

ProposedProposed

North Port Business Park


for sale > american momentum | land portfolio · 2020. 12. 4. · american momentum | land...

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