Luxury Residential Development Site

This incredible parcel for development is located in Southwest Bradenton, just off of the stunning Sarasota Bay. Bradenton is home to IMG Academy, Anna Maria Island, Robinson Preserve, LECOM Park (Spring Training home of the Pittsburgh Pirates), and more; making this area a highly sought after place to live with a continued population influx and an expected 15% to 27% population increase in the County over the next 6 years. This property’s location in the Southwest area of Manatee County, will give residents easy accessibility to enjoy amenities in Sarasota County as well, such as the Sarasota-Bradenton International Airport, The Ringling Museum of Art, Longboat Key, the Van Wezel Performing Arts Hall, and an incredible selection of Colleges and Universities. While development east of the site on El Conquistador Parkway have been well-established for some time, there is a significant amount of new development proposed and under construction west of the property including Aqua, a Medallion Home community surrounding a crystal clear blue lagoon, Cirrus at Aqua - a 345 unit apartment complex, he Stadler - A 279 unit apartment complex, and SeaFlower - the most notable expansion as a nearly 1,200 acre mixed-use development that is set to open in 2025. This property’s location on the south side of El Conquistador Parkway will allow a developer to build a luxury community in a well-established area amongst multi-millon dollar waterfront estates, condominium communities and brand-new amenity-laden communities nestled along Sarasota Bay.Located in Southwest Bradenton, this exceptional 6.72 +/- acre former tennis center is available for luxury residential redevelopment. This opportunity is one of the last in the area with a potential water view of Sarasota Bay, offering a prime location to develop a luxury residential community with top-notch amenities and state-of-the-art living space. The Future Land Use (FLU) designation, RES-16, allows for the possibility of up to 107 units, and the owners are currently pursuing a rezoning to Planned Development Residential (PD-R) to utilize the potential density. This site is highly sought after due to its proximity to Cortez Road, US-41, IMG Academy, retail centers, and Sarasota-Bradenton International Airport. The frontage on El Conquistador Parkway, with traffic counts of 12,300 average vehicles per day, serves to naturally promote this property following development. The residential market in Manatee County for townhomes and condos has remained relatively steady over the past year, with an average sale price of $401,051. Most closed sales have occurred between the $300,000 and $600,000 with the expectation that this site will surpass that range due to its location and potential water views. Proposed access to the site is via two access points off Bay Club Drive and a third emergency access via El Conquistador Parkway. Public utilities to the site are available via water and sewer lines located along El Conquistador Parkway. Buyer must verify legal access for their proposed development as well as water and sewer capacity with Manatee County during the inspection phase.