North Port Retail Plaza

Highlights

• 6,100 SF retail plaza with 3 Acres of vacant land
• One of the fastest-growing areas in the country
• Ideally located next to US-41
• Opportunity for future development
• CN Zoning and MEDR Future Land Use

Description

The Subject Property is 3 Acres of vacant land with a 6,100 SF retail plaza located on South Tamiami Trail in Charlotte County. Located in the midst of residential development, the Subject Property offers the buyer stable income with potential for future development. Additionally, the Subject Property is located near highways such as US- 41 and County Road 777 allowing for easy transportation throughout southwest Florida.

The Subject Property has a zoning designation of Commercial, Neighborhood (CN), and future land use (FLU) of Medium Density Residential (MEDR). Due to the location, the Subject Property will be attractive to those looking to develop residential properties.

Located on South Tamiami Trail in North Port, Florida, the Subject Property offers excellent access and visibility on US-41 and is ideally located in the midst of residential communities and growth between North Port and the city of Venice. The surrounding area is experiencing significant growth and development which should benefit the Subject Property. Additionally, major retailers that include Walmart, Home Depot, and Lowe’s are all within 4 miles of the Subject Property. Convenient access to major highways, such as US- 41, County Road 777, and other thoroughfare roads makes for easy travel throughout the Charlotte MSA.

North Port has experienced a population growth greater than 210.2% since the year 2000 and is expected to experience even further explosive growth with current trends showing great than 1,000 people moving to Florida every day. Median household incomes are up nearly 54% while property values have increased nearly 188% since 2000. North Port is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property.