$899,000

Description

Rare opportunity to build on this 0.74-acre (±32,218 sq ft) lot on the island of Venice, Florida — just minutes from historic downtown. Zoned RMF4 for multi-family residential use, the site is entitled by right to 13 residential units, suited to townhomes, condominiums, or apartments. Additional density may be possible beyond this base entitlement: Sarasota County permits smaller “half units” under 750 sq ft each, which could potentially allow up to 26 units, though this has not yet been confirmed by the City of Venice. Density bonuses could further increase the unit count — potentially up to 52 units — subject to City of Venice confirmation and a requirement to designate some units as attainable housing; this higher figure remains unconfirmed. Conceptual renderings are available for a townhome or residential building concept. A short walk to the island’s only supermarket and tucked behind a popular local restaurant, with a short drive to the beach, this lot sits in one of Southwest Florida’s fastest-growing and most sought-after markets, with significant new development nearby. Additional conveniences include proximity to the Legacy Trail and Venetian Waterway Trail, Venice Municipal Airport, multiple public beaches, and the new state-of-the-art Sarasota Memorial Hospital. An affordable entry point for developers and investors looking to secure land in a desirable, expanding coastal community.