Absolute Auction, 2.27 AC Off I-75

Land Description

2.27 AC off I-75 | $85K Avg HH Income | 7% Population Growth

Marketplace Online Auction Sept. 20-22, 2021

Investment Highlights

±2.27 AC land parcel near intersection of I-75 (±64K Vpd) and Toledo Blade Blvd (±20K Vpd)

Neighboring traffic drivers: 7 Eleven, Exxon, Suncoast Technical College, North Port Park of Commerce

Zoned CG, Commercial General allowing for flexible commercial uses including retail mini storage

Attractive 2021 demographics - projected population growth of 7%, ±$84,619 Ahhi, and ±48,753 residents (5-mile radius)

Absolute $1 Auction NO Reserve.

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a 2.27-Ac land parcel located at 6348 N Cranberry Blvd (the “Property”) in North Port, Florida approximately 35 miles southeast of Sarasota. This Property offers an exceptional investment opportunity to acquire a prime development site in a growing Southwest Florida market and first bid meets reserve.

The Property consists of a 2.27-Acre land parcel adjacent to 7 Eleven and benefitting from 20,000 vehicles per day passing along the nearby signalized intersection with Toledo Blade Blvd. The Property is in one of North Port's busiest corridors, at the entrance of North Port Park of Commerce and opposite Suncoast Technical College just south of Exit 179 off I-75 with 64,000 vehicles per day. The Property is currently zoned CG, Commercial General, intended to provide areas in which the customary and traditional conduct of trade, retail sales and commerce may be carried out including retail mini storage.

Centrally located between Tampa and Fort Myers, the city of North Port is the largest in Sarasota County. The Property's location offers excellent real estate fundamentals within a robust trade area and extremely dense and compelling demographics with a 2021 population of ±48,753 people and an average household income of $84,619 (5-mile radius). The area has benefited from significant population growth of ±13.54% from 2010-2021 and will continue to benefit from an expanding population, with ±6.5% growth projected over the next five years.

Auctioneer:

Lamar P. Fisher

Fisher Auction Company Inc.

License: Au93 Fisher Auction Co: Ab106