Parrish Oaks (Parrish, FL)_Property for Sale

5901 Erie Rd, Parrish, FL, 34219-8513, US

Parrish Oaks (Parrish, FL)

Asset Description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire the Parrish Oaks Development Site (the “Property” or “Site”), a ±105-acre multi-family development site located in the rapidly growing Sarasota MSA. The Property has received General Development Plan (“GDP”) approval for a 250-unit multi-family community on an 18.6-ac portion of the Property. All that remains in terms of required approvals necessary to permit the proposed improvements is Final Site Plan Approval, which is limited to an administrative process and handled at staff level with Manatee County. Therefore, a developer can quickly capitalize on the outsized demand fueling the multi-family space in one of the country’s hottest housing markets.

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Attributes

Land area gross

42 ha

Media

Investment Highlights

PRIME DEVELOPMENT SITE WITH GDP CONCEPTUAL PLAN APPROVAL IN PLACE

Parrish Oaks presents an exceptional opportunity with approvals for a 250-unit garden-style community spanning nine buildings. The development boasts a deluxe amenity space, designed to cater to residents' diverse needs and desires, offering a range of top-tier amenities, and beautifully landscaped gardens.

OUTSTANDING DEMOGRAPHICS

Parrish Oaks benefits from impressive area demographics and robust growth metrics. The community is poised to attract and retain an affluent resident base, with an average 5-mile household income exceeding $103,000.

STRATEGIC LOCATION

The Site occupies an excellent location near a wide variety of employment anchors that support constant demand, including hospitals, retail, tourism, and recreation.