SARASOTA, Fla. (August 15, 2016) – A large parcel of land off Interstate 75 between Laurel Road and Border Road in Venice, Fla., is now on the market. Seller Gulf Coast Strategic Investments (GCSI) has listed the 301.14-acre mixed-use development site for $24.3 million.
GCSI retained Ian Black Real Estate as the exclusive listing agent for this property. Michele Fuller, Matt Kezar and Stacy Rosenberg will represent the seller.
“Developers see this as an opportunity because it is one of the last large parcels of undeveloped land available in the Venice area,” said Fuller, partner at Ian Black Real Estate. “With close proximity to the Interstate, local employers, shopping and schools, this is a great location for future development.”
The Laurel Road/Jacaranda Boulevard corridor is one of the fastest-growing regions in Southwest Florida. A number of new developments are under construction in the area, including residential developments by Neal Communities and Vanguard Land. There is also a proposed Venice campus for Sarasota Memorial Health Care System.
The property is zoned for mixed-use and residential development, with entitlements for up to 1,799 residential units and 225,000 square feet of commercial use. It is comprised of an assemblage of nine parcels and can be purchase in its entirety or can be divided.
GCSI purchased the land in 2005 and held it as an investment during the great recession.
“With the market coming back, it was a good opportunity to explore the option of a sale of the property,” said Mark Pritchett, president of Gulf Coast Strategic Investments.
For more information, contact Michele Fuller at firstname.lastname@example.org or (941) 228-4189.
About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.