Strategic Waterfront Assemblage: Premier Manatee River Development Site
This 5.15-acre portfolio represents a significant land assembly along the Manatee River. Comprised of 16 total parcels, this package offers an expansive footprint in a high-growth corridor, providing an open canvas for high-density development or a long-term strategic investment.
Package 3: Primary Development Block (Lots 3, 4, 5, 6, 7, 8)
Price: $3,780,000.00 As the largest contiguous segment of the portfolio, this block provides the critical mass necessary for a high-density vertical project. The sheer scale of these combined lots allows for significant architectural flexibility and maximum site efficiency, making it the primary engine for residential unit yield and large-scale master planning within the assembly with major 9th street frontage.
Package 4: (Lots 9, 11, 23)
Price: $1,935,000.00 This package serves as the essential bridge for the portfolio, providing internal depth and infrastructure support. These lots are vital for creating a cohesive campus feel, offering additional acreage for high-density residential buildings, structured parking, or shared community amenities that serve the wider waterfront development.
Package 5: - Lot 12
Price: $375,000.00 This individual lot offers a targeted opportunity for infill development or supplemental density. Given its location within the high-growth corridor, it can function as a standalone professional office site or be integrated into the larger master plan to maximize the efficiency of the total acreage.
Package 6: - Lot 31
Price: $475,000.00 Positioned as a key outlier with significant utility, Lot 31 provides additional versatility to the portfolio. Whether used for specialized commercial use, high-value residential units, or as a strategic hold for future expansion, this parcel adds a final layer of value to the complete waterfront package.
The portfolio is situated within a Qualified Opportunity Zone, offering substantial federal tax incentives—including potential permanent exclusion of capital gains on future appreciation. This makes the assembly a powerful vehicle for investors looking to capitalize on the region’s waterfront demand and downtown revitalization.
Execute CA for Offering Memorandum for in-depth information on the project.
Kevin Robbins
Harry E. Robbins Associates, Inc.
