2+ Acre Fully Entitled Waterfront Development Site!

Investment Overview

Introducing a remarkable development opportunity in the thriving Parrish/Ellenton area – an impressive 2.16-acre site with PD-MU zoning and multiple future land use designations (ROR/CPA/CEA/CHHA/ENT). Boasting a favorable floor area ratio of .92, this property offers the potential to construct a substantial 91,000 sq. ft. building, with up to 5 stories over parking and up to 119 rooms. Making it an ideal prospect for multifamily or hospitality development. The sought-after PD-MU zoning presents a variety of possibilities for mixed-use development, allowing investors to explore diverse options for this prime parcel of land. Positioned in the dynamic Bay area market, this property holds immense potential for those seeking a strategic investment and development opportunities in the fast-growing and in-demand multifamily and hospitality sector.

Investment Highlights

• 2.16 acre site
• PD-MU zoning with multiple future land use designations
• FAR of .92
• Can build up to 91,000 sq. ft. building
• Up to 5 stories over parking
• Up to 119 rooms