$5,850,000

Under contract-accepting backup offers. Prime Investment Opportunity: 20.3 Acres of Versatile Real Estate. Nestled between the bustling intersections of Jacaranda Blvd and River Rd lies a gem of opportunity - 20.3 acres of prime real estate, strategically positioned off E Venice Ave. This expansive property offers a unique blend of residential, multi-family, and light industrial potential, making it a highly sought-after investment in a rapidly growing corridor. The property is currently zoned OUE (Open Use Estate), providing a flexible canvas for a range of development options. A comprehensive survey is available, offering detailed insights into the terrain and layout of the land, facilitating informed decision-making for potential investors. The listing encompasses two parcels, totaling 20.3 acres. The larger parcel spans 15 acres, offering ample space for residential developments or potential light industrial ventures. The additional 5.3-acre parcel complements the overall offering, providing further scope for diverse investment strategies. The versatility of this property opens doors to a myriad of investment possibilities. Developers can explore options for residential communities catering to the growing demand for housing in the area. The inclusion of multi-family zoning adds value, catering to the evolving preferences of modern living. Additionally, the light industrial zoning presents opportunities for commercial ventures, such as retail spaces, offices, or light manufacturing facilities, tapping into the area's economic vibrancy. Proximity to Sarasota Memorial Hospital and major intersections, detailed survey available for informed decision-making, two parcels offering flexibility and scalability for development.