Land in North Port, Florida № 858919
1
ID858919
$ 38 000 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
The property is located in the City of North Port in southern Sarasota County. The property contains 514± acres which includes 200+ acres of developable land and 91 acres of lakes which can also serve as retention. The North Port Gardens development order includes approved uses for multifamily, commercial, medical, office, and Industrial uses. The city has allowed these uses to be moved or adjusted with a trade-off matrix. North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida and at the south gateway to the city. This exit is used for West Port, Lost Lagoon Water Park, Murdock business district, Benderson's industrial development, and numerous new multifamily developments. Directly to the north and east is 2,800 acres entitled for 3,500 residential units. The Toledo Villages property is under contract with Forestar and is the lot development arm for DR Horton. The 300 acres ¼ mile to the north is entitled for 900,000 sq. feet of industrial. There are 5 lessees including one NYSE traded national user going to occupy 250,000 sq ft in November of 2024. The city of North Port is the 7th fastest growing city in the entire United States.
This one of the last remaining unimproved exit on I-75 from Naples all the way to Gainesville. The property is completely entitled and has been annexed into the City of North Port. The approved land uses are residential (1135 dwelling units), commercial (350,000 sq ft), Office (800,000 sq ft), Hotel (450 rooms) and light industrial (600,000 sq ft).
Investment Highlights
- Rapidly growing area of the Florida Gulf Coast
- City planners and economic counsel are eager to work with developers
- North ports future Job Growth over the next 10 years is Projected at 41%
- Traffic count at the I-75 interchange: 60,000 Vehicles Per Day
- There were over 15,000 permits in 2022 in the city of North Port. 2023 is exceeding this as of November 1, 2023.
MLS #: T3487756
North Port - Statistics
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| Parameters | North Port |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 300.00 |
| Apartment (1 bedroom) Outside of Centre | $ 1 800.00 |
| Apartment (3 bedrooms) in City Centre | $ 3 500.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 400.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 2 152.78 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 1 614.59 |
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| Parameters | North Port |
|---|---|
| Rent Index | 49.55 |
| Restaurant Price Index | 88.24 |
| Groceries Index | 74.86 |
| Property Price to Income Ratio | 2.35 |
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| Parameters | North Port |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 25.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 80.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 9.99 |
| Domestic Beer (0.5 liter draught) | $ 5.00 |
| Imported Beer (0.33 liter bottle) | $ 7.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.50 |
| Water (0.33 liter bottle) | $ 1.86 |
| Cappuccino (regular) | $ 5.46 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.06 |
| Loaf of Fresh White Bread (500g) | $ 4.15 |
| Eggs (regular) (12) | $ 2.99 |
| Local Cheese (1kg) | $ 11.00 |
| Water (1.5 liter bottle) | $ 1.50 |
| Bottle of Wine (Mid-Range) | $ 22.00 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 2.50 |
| Cigarettes 20 Pack (Marlboro) | $ 6.50 |
| Apples (1kg) | $ 2.84 |
| Chicken Fillets (1kg) | $ 12.15 |
| Oranges (1kg) | $ 2.62 |
| Potato (1kg) | $ 1.96 |
| Lettuce (1 head) | $ 2.00 |
| Rice (white), (1kg) | $ 1.74 |
| Tomato (1kg) | $ 5.14 |
| Banana (1kg) | $ 0.73 |
| Onion (1kg) | $ 1.08 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 22.02 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 100.64 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 50.00 |
| $ 30.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 000.00 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.00 |
| Transportation | |
| Gasoline (1 liter) | $ 0.92 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 36 050.00 |
| Taxi Start (Normal Tariff) | $ 4.99 |
| Taxi 1km (Normal Tariff) | $ 1.24 |
| Taxi 1hour Waiting (Normal Tariff) | $ 30.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 25 000.00 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 20.00 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 25.00 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 30.00 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 65.00 |
| 1 Pair of Men Leather Business Shoes | $ 80.00 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 800.00 |
| International Primary School, Yearly for 1 Child | $ 60 000.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityNorth Port
Address0 TOLEDO BLADE BOULEVARD
TypeLand
Price
- Price
- per m²
$ 38 000 000
- EUR €
- USD $
- RUB ₽
- GBP £
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