Mixed Use Development Site 18± Ac - Adjacent to Warm Mineral Springs
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Mixed Use Development Site 18± Ac - Adjacent to Warm Mineral Springs
1.9 - 9 Acre Commercial Land Lots Offered at £347,160 - £2,390,670 Per Lot in North Port, FL 34287
Investment Highlights
- The Warm Mineral Springs Master Plan consists of 26 parcels totaling 18.1 acres, with a series of generous zoning designations.
- The plans foresee that the potable water and wastewater lines will go through all of the offered parcels from Ortiz Boulevard to US Highway 41.
- Presents the opportunity for master developers to utilize the entire property or coordinate with sub-developers to produce a mixed-use project.
- The immediate area boasts an expanding health tourism and wellness travel market and is projected to see a 12% increase in population by 2027.
- Perfect for environmental, social, and corporate governance investing and is positioned within an opportunity zone, which offers tax incentives.
Executive Summary
Entire Assemblage $5,800,000.00
The Warm Mineral Springs Master Plan offers a sizable tract of land perfect for a mixed-use development in one of the nation’s fastest-growing markets. Buyers can take advantage of the site's major price reduction. This 18.1-acre site consists of four separate parcel groups totaling 26 total parcels, which may be acquired individually or as a package. The development master plan allows these properties to develop commercial, retail, hotel, medical, office, or institutional space as well as multifamily dwelling units. As part of the comprehensive and holistic vision to combine the development of this exclusive private property and the protection of the Warm Mineral Springs, this business development includes a vision of a health and wellness center, a wellness resort and hotel, an independent/assisted living facility, and complementary residential and commercial components. Additionally, existing buildings and infrastructure improvements are in the pipeline to be completed .
The potential for a true live-work-play environment offers the prospects of capitalizing on a thriving community that is projected to see a nearly 12% increase in population by 2027. Combined with the Warm Mineral Springs’ perfect placement in a qualified opportunity zone, master developers can benefit from a host of tax incentives in an area that is continuing to attract affluent residents from across the country. The Warm Mineral Springs is also located minutes to popular shopping and dining, brand new residential neighborhoods, and Wellen Park, which is home to much of North Port's new developments like Cool Today Park, the Atlanta Braves’ spring training location. Additionally, the entire development is supported by the City of North Port as the owner and operator of the Springs as well as the 82 acres on the North and East of the Springs. In Summer 2021 the North Port City Commission approved over $9,000,000 to support the protection of the Springs and to create an internationally recognized wellness center.
https://cityofnorthport.legistar.com/View.ashx?M=F&ID=12178221&GUID=5393BA9D-0A16-418B-9BE5-0E065FE12C03
The Warm Mineral Springs Master Plan offers a sizable tract of land perfect for a mixed-use development in one of the nation’s fastest-growing markets. Buyers can take advantage of the site's major price reduction. This 18.1-acre site consists of four separate parcel groups totaling 26 total parcels, which may be acquired individually or as a package. The development master plan allows these properties to develop commercial, retail, hotel, medical, office, or institutional space as well as multifamily dwelling units. As part of the comprehensive and holistic vision to combine the development of this exclusive private property and the protection of the Warm Mineral Springs, this business development includes a vision of a health and wellness center, a wellness resort and hotel, an independent/assisted living facility, and complementary residential and commercial components. Additionally, existing buildings and infrastructure improvements are in the pipeline to be completed .
The potential for a true live-work-play environment offers the prospects of capitalizing on a thriving community that is projected to see a nearly 12% increase in population by 2027. Combined with the Warm Mineral Springs’ perfect placement in a qualified opportunity zone, master developers can benefit from a host of tax incentives in an area that is continuing to attract affluent residents from across the country. The Warm Mineral Springs is also located minutes to popular shopping and dining, brand new residential neighborhoods, and Wellen Park, which is home to much of North Port's new developments like Cool Today Park, the Atlanta Braves’ spring training location. Additionally, the entire development is supported by the City of North Port as the owner and operator of the Springs as well as the 82 acres on the North and East of the Springs. In Summer 2021 the North Port City Commission approved over $9,000,000 to support the protection of the Springs and to create an internationally recognized wellness center.
https://cityofnorthport.legistar.com/View.ashx?M=F&ID=12178221&GUID=5393BA9D-0A16-418B-9BE5-0E065FE12C03
Property Facts
| Price | £347,160 - £4,576,200 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 4 | Total Lot Size | 18.10 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | £347,160 - £4,576,200 |
| Sale Type | Investment |
| No. Lots | 4 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 18.10 AC |
| Opportunity Zone |
Yes |
4 Lots Available
Lot A
| Price | £1,211,115 | Lot Size | 4.50 AC |
| Price Per AC | £269,137 |
| Price | £1,211,115 |
| Price Per AC | £269,137 |
| Lot Size | 4.50 AC |
18+ Entitled Acres in Total $5,800,000.00 Zoning: Activity Center 7A, multi-use development (City of North Port). The cross street is Ortiz Boulevard and Trionfo Avenue.
Lot B,E,C,F
| Price | £2,390,670 | Lot Size | 9.00 AC |
| Price Per AC | £265,630 |
| Price | £2,390,670 |
| Price Per AC | £265,630 |
| Lot Size | 9.00 AC |
Zoning: activity center 7A, multi-use development (City of North Port). The cross street is Dorado Drive and Ortiz Boulevard.
Lot D
| Price | £627,255 | Lot Size | 2.70 AC |
| Price Per AC | £232,317 |
| Price | £627,255 |
| Price Per AC | £232,317 |
| Lot Size | 2.70 AC |
Zoning: CN - Commercial Neighborhood. The cross street is DeLeon Drive and Ortiz Boulevard.
Lot G
| Price | £347,160 | Lot Size | 1.90 AC |
| Price Per AC | £182,716 |
| Price | £347,160 |
| Price Per AC | £182,716 |
| Lot Size | 1.90 AC |
Zoning OPI - Office, Professional, Institutional. The cross street is DeLeon Drive and Ortiz Boulevard. The parcel is allocated for a 17,000 square foot WMS Health and Wellness Center or the Professional Plaza with 10 - 12 offices.
PROPERTY TAXES
| Parcel Number | 0769-07-0014 | Improvements Assessment | £612,299 |
| Land Assessment | £4,213,028 | Total Assessment | £4,825,327 |
PROPERTY TAXES
Parcel Number
0769-07-0014
Land Assessment
£4,213,028
Improvements Assessment
£612,299
Total Assessment
£4,825,327
zoning
| Zoning Code | PCD (Planned Commerce Development) |
| PCD (Planned Commerce Development) |
-
Mousa Wakileh -
Coldwell Banker Commercial Realty
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Mixed Use Development Site 18± Ac - Adjacent to Warm Mineral Springs
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