834 Riverside Drive

Palmetto, FL 34221

$2,950,000
Price
148,104 / 3.4
Lot Size / Acres
an aerial view of a city
an aerial view of residential houses with outdoor space and trees
an aerial view of residential houses with outdoor space and trees
a view of a lake with a lake
a view of a lake with a building in the background

Description

This gorgeous mixed-use development site is situated in the heart of Palmetto, Florida, just steps from the Manatee River. It is minutes from pristine white-sand beaches, cultural destinations, entertainment and shopping. The property is located directly adjacent to ItWorks! corporate headquarters with over 200 employees and across the street from Regatta Pointe Marina, restaurants and shops. This 3.4+/- acre development site is prime for development that could include a boutique hotel, multifamily,...This gorgeous mixed-use development site is situated in the heart of Palmetto, Florida, just steps from the Manatee River. It is minutes from pristine white-sand beaches, cultural destinations, entertainment and shopping. The property is located directly adjacent to ItWorks! corporate headquarters with over 200 employees and across the street from Regatta Pointe Marina, restaurants and shops. This 3.4+/- acre development site is prime for development that could include a boutique hotel, multifamily, office space or residential condominiums with ground floor or adjacent retail and restaurants, all with water views. Due to the site's proximity to the public boat ramp, the CRA is requiring that a developer design and construct boat trailer parking on a portion of the site to accommodate approximately 20-30 boat trailer spaces. The net developable area will end up being approximately 2.5 - 3 acres. Due to the current split zoning on the property, the Expectation is that a rezone to Planned Development Multi-Use (PD-MU) will be required. Residential density on the site has been increased to 153 units through a recently completed City- initiated Comprehensive Plan Amendment that changed the Future Land Use (FLU) to Planned Community (PC). The City of Palmetto and the Palmetto Community Redevelopment Agency are encouraging development in the Downtown Core by incentivizing projects that bring more activity to the area and accentuate this tremendous waterfront location. Development Incentives may amount to 8-12% of the total development cost paid back to the Developer (City Commission has ultimate discretion on Incentives). Purchase requirements - please note that the purchase of this property is subject to the following requirements and stipulations: Developer must submit proposal that includes Letter of Intent, Conceptual Plan, and Development Proforma in order to be considered. Approval of the Development Concept by the Palmetto Redevelopment Agency and City Council prior to contract execution, with requirements of Buyer to fulfill development obligations. Developer is responsible for constructing boat trailer parking on a portion of the site to accommodate approximately 20-30 boat trailer spaces for future public use. If a residential project is proposed, a mixed use component of retail, restaurant, and/or office space is required. The southeast corner of the side is limited to non-residential uses.
  1. Listed by Tony Veldkamp, CCI • SVN COMMERCIAL ADVISORY GROUP

Property Details for 834 Riverside Drive

Subdivision Name
LAMBS FRACTIONAL SUB
Township
34
Waterfront
No
LISTING UPDATED: 12/09/2024 01:00 AM

Property Details for 834 Riverside Drive

StatusActive
MLS #A4631734
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size3.40 AC
CountyManatee County

Building Information for 834 Riverside Drive

Lot Size3.40 AC

Property Information for 834 Riverside Drive

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From the corner of US 301 and US 41, head west on 10th street west. Turn left on Business 41. Turn right on Riverside Drive. The property will be on the right.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • SW Subdiv Community Name: Lamb Fractional Sub
  • Street Number: 834
  • Street Name: RIVERSIDE
  • Street Suffix: DRIVE
  • State: FL
  • City: PALMETTO
Taxes and HOA Information
  • Tax Block: H
  • Tax Book Number: 1-164
  • Tax Legal Description: LOTS 1,2,3,4,5,6,7,8,9,10 BLK H LAMB PLAT PI#31173.0000/8
  • Tax Lot: 1
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 3115600003, 3113800059, 31115700009, 3115000006
  • Additional Parcels: Yes
  • Current Use: Commercial
  • Lot Size Dimensions: 367 x 444
  • Parcel Number: 3117300008
  • Total Acreage: 2 to less than 5
  • Water Access: No
  • Water Extras: No
  • Zoning: CC & RM-6
  • Lot Dimensions: 367 x 444
Property and Assessments
  • Flood Zone Code: AE
  • Flood Zone Date: 08-10-2021
  • Flood Zone Panel: 12081C0164F
  • Number Of Lots: 5
  • Public Survey Range: 17
  • Public Survey Section: 23
Utilities
  • Sewer: None
  • Utilities: Electrical Nearby, Water Nearby
  • Water Source: None
Interior and Exterior Features
Exterior Features
  • Front Footage: 367
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Living Area Units: Square Feet
  • Water View: No

Property History for 834 Riverside Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 834 Riverside Drive

Taxable ValueLand$363,800Additions-Total$363,800
Tax Record2022$8 ($1 / month)
Home Facts
Beds5Total Finished SqFt3,656 SqFtAbove Grade Finished SqFt3,656 SqFtStories2Lot Size57,020 SqFtStyleSingle Family ResidenceYear Built1910ZoningPL_RM-6CountyMANATEEAPN31173.0000-8

Schools near 834 Riverside Drive

This home is within Manatee.
Rating
School
Type
Grades
Distance
Palmetto Elementary School
Public - PK to 5
LINCOLN MEMORIAL MIDDLE SCHOOL-0861
Public - 6 to 8
Palmetto High School
Public - 9 to 12
Just For Girls
Public - 6 to 8
Rating
School
Distance
Palmetto Elementary School
PublicPK to 5

LINCOLN MEMORIAL MIDDLE SCHOOL-0861
Public6 to 8

Palmetto High School
Public9 to 12

Just For Girls
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 834 Riverside Drive, Palmetto, FL 34221

834 Riverside Drive is a 3.4 ac of land for sale in Palmetto, FL 34221. This property was listed for sale on December 8, 2024 by SVN COMMERCIAL ADVISORY GROUP, it's currently listed at $2,950,000. It has been on the market for a total of 9 days and was last sold on January 12, 2012. This listing's school district is Manatee. Nearby schools include Palmetto Elementary School, LINCOLN MEMORIAL MIDDLE SCHOOL-0861 and Palmetto High School. 834 Riverside Drive is a 0-bed, 0-bath, 3.4 ac of land on a 148,104 sq. ft. / 3.4 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SVN COMMERCIAL ADVISORY GROUP, Tony Veldkamp, CCI

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