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Bruce is the go-to broker for us both on the buy and sell side of land in the Tampa Bay area. We try to leverage his broad commercial real estate knowledge in every deal we do.

Teri Frankiewicz
Vice President
Crown Community Development

Listing Details

North Port Gardens
Area:
514.0000
Price:
Call Broker
Address:
Toledo Blade Blvd & I-75
North Port, FL

Description

 

 

  • 1,135 RESIDENTIAL UNITS
  • 350,000 SF COMMERCIAL
  • 800,000 SF OFFICE
  • 450 HOTEL ROOMS
  • 600,000 SF INDUSTRIAL
  • HOSPITAL IS AN APPROVED USE

 Market Overview

• Traffic count at the I-75 interchange: 60,500 vehicles per day.

• The subject site is part of North Port’s Activity Center #4, which includes approval for

over 3 million square feet of retail/commercial, 515,000 sf of office, and 871,200 sf of

light industrial.

• The Panacea DRI is located at the southeast corner of I-75 and Toledo Blade

Boulevard. Panacea is approved for 2,388 residential units and 393,000 sf of retail/

commercial.

• Toledo Village, contiguous to the east is under contract to Forestar (a DR Horton

Company) and is zoned for 3,000 units.

• North Port’s unemployment rate is 3.50%. Future job growth over the next 10 years is

projected at 41%.

• Toledo Blade Boulevard has been widened to four lanes to serve the strong growth in

the trade area.

• The property is located 5.5 miles north of Port Charlotte Town Center (782,747 sf),

anchored by Beall’s, Dillard’s, JC Penney, Macy’s, Regal 16 Cinemas and Sears.

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