VACANT INDUSTRIAL LAND CITY OF SARASOTA

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1 VACANT INDUSTRIAL LAND CITY OF SARASOTA 603 MANGO AVENUE SARASOTA, FL Scott Rimmer Advisor SVN COMMERCIAL ADVISORY GROUP 1626 RINGLING BOULEVARD, SUITE 500, SARASOTA, FL OFFERING MEMORANDUM

2 Property Summary OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $299,000 Lot Size: 20,000 SF This vacant land is immediately available and ready for development. Owners of the property are also open to discussing creative opportunities including, but not limited to, long term land lease, build to suit and other joint venture ideas with experienced principals. Ideal for industrial flex space, self-storage building(s), outside storage lot, or a separate building that will benefit from being within the City of Sarasota/ Anyone familiar with the rapid expansion currently on going in the City will immediately grasp the value of this vacant land, within walking distance of the downtown core. PROPERTY HIGHLIGHTS.46 Acres Zoning: Price / SF: ILW 20,000 +/- Square Feet $14.95 SVN Commercial Advisory Group Page 2

3 Property Description ZONING The ILW (INDUSTRIAL LIGHT WAREHOUSING) District provides for industrial, light manufacturing, processing, storage and warehousing, wholesaling, and distribution uses. ILW is more of an Industrial zone district consistent with its current use. However, the Future Land Use designation on the property would allow for it to be rezoned to Downtown Edge (DTE) which is a mixed use district that would allow office, commercial, residential up to 25 units/acre, etc. The City of Sarasota has advised that they can provide a Zoning Code Confirmation Letter to confirm this, if desired. LOCATION OVERVIEW In a very nice light manufacturing/industrial area within the City of Sarasota, this property is 2 blocks to the east of US301. The property offers easy access to US 301, the main north/south artery within the City of Sarasota and is only a few blocks from Fruitville Road, the primary east/west highway into the City of Sarasota. Fruitville Road connects to Interstate 75 approximately 4 miles from the property. SVN Commercial Advisory Group Page 3

4 Additional Photos SVN Commercial Advisory Group Page 4

5 Regional Map VACANT INDUSTRIAL LAND - City of Sarasota SVN Commercial Advisory Group Page 5

6 Location Maps SVN Commercial Advisory Group Page 6

7 Aerial Map VACANT INDUSTRIAL LAND - City of Sarasota SVN Commercial Advisory Group Page 7

8 Demographics Report 1 MILE 3 MILES 5 MILES Total population 12,829 78, ,513 Median age Median age (male) Median age (female) Total households 5,008 33,554 69,936 Total persons per HH Average HH income $46,681 $60,049 $67,707 Average house value $212,353 $320,562 $290,615 * Demographic data derived from 2010 US Census SVN Commercial Advisory Group Page 8

9 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 12,829 78, ,513 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 5,008 33,554 69,936 # of persons per HH Average HH income $46,681 $60,049 $67,707 Average house value $212,353 $320,562 $290,615 * Demographic data derived from 2010 US Census SVN Commercial Advisory Group Page 9

10 Advisor Bio & Contact 1 SCOTT RIMMER PROFESSIONAL BACKGROUND Advisor Scott Rimmer is an Advisor with SVN Commercial Advisory Group specializing in the lease and sale of industrial properties throughout Sarasota, Manatee and Charlotte Counties with a focus on helping companies expand or relocate in Florida. Prior to joining SVN, Scott was Vice President of Business Attraction for the Economic Development Corporation of Sarasota County (EDC), a public/private partnership focused on growing and diversifying the economy of Sarasota County. At the EDC, Scott helped companies of all sizes relocate and expand in the area requiring a strong knowledge of the local commercial real estate environment, the regulations and many benefits affecting businesses and their owners in Florida, and the incentives offered to companies by State and Local government Ringling Boulevard, Suite 500 Sarasota, FL T C scott.rimmer@svn.com FL #SL Earlier in his career Scott held senior executive positions with JPMorgan, State Street Bank & Trust Company, Siemens, and Digital Equipment Corporation (now Hewlett-Packard). Scott uses his extensive knowledge of the corporate environment, and the many industries he became knowledgeable about while working at these firms, to better serve his clients in the decision making process. Scott moved to the City of Sarasota in 2003 from Boston and enjoys sailing, surfing and other Suncoast activities with his wife, Rita. He is a graduate of the Rochester Institute of Technology. EDUCATION Rochester Institute of Technology, Bachelor of Science MEMBERSHIPS & AFFILIATIONS Sarasota Area Manufacturers Association. Lakewood Ranch Business Alliance Economic Development Committee. SVN Commercial Advisory Group Page 10

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