3002 16th Avenue E, Palmetto, FL 34221

Description

10-ACRE LAND AND DEVELOPMENT OPPORTUNITY IN EAST PALMETTO. This 10.00-acre (435,600 SF) parcel is located along 16th Avenue East/Canal Road and provides approximately 330 feet along the east right-of-way of Canal Road. Current Manatee County GIS identifies the property as A-1 zoning with RES-3 Future Land Use and Flood Zone X.

The RES-3 Future Land Use category is intended primarily for low-density suburban residential and support uses. Manatee County's current Comprehensive Plan provides a maximum base gross residential density of 3 dwelling units per acre, subject to applicable zoning, site conditions, environmental constraints, infrastructure, permitting and County approval.

For developers evaluating additional density, current County regulations also include an affordable-housing density bonus program under which qualifying RES-3 projects providing at least 25% affordable units may request densities of up to 6 dwelling units per gross acre and 9 dwelling units per net acre, subject to applicable zoning, program requirements and County approval.

The surrounding 16th Avenue East/Canal Road corridor is experiencing documented residential development activity. Manatee County records include a 264-unit multifamily attached residential development at 5901 16th Ave E, as well as other residential entitlement activity in the immediate area. The County also has an active Canal Road capital improvement program that includes roadway widening and multimodal improvements along portions of the corridor.

Environmental due-diligence documentation is available. A 2023 Florida Department of Environmental Protection wetland delineation work product documents both upland and wetland conditions at evaluated locations on the property. No representation is made regarding total wetland acreage, net developable acreage or ultimate development yield.

Whether considered for residential development, long-term land investment or private acreage, this property offers 10 contiguous acres, approximately 330 feet of road frontage and RES-3 Future Land Use in East Palmetto.

Property is offered As-Is. Buyer is responsible for independently verifying development potential, allowable density, wetlands and environmental conditions, utility availability and capacity, access, drainage and stormwater requirements, zoning, Future Land Use, flood information and all required governmental approvals.