Property Description

137.5 acre light industrial land known as Buckeye Industrial Park. Phase 1, approximately 98 acres of the land will be delivered fully entitled with appropriate zoning, and all government approvals. Phase 2 of the development (approximately 40 acres) will be delivered with the necessary Comprehensive Plan Amendment.. Water and sewer is available at the site and it is ready for immediate development. It is estimated that another $7.4 million in construction and marketing funds will be needed to develop the property, all of which may be funded by the establishment of a Community Development District (CDD) funding. The district is projected to provide a net of $11 million of tax related, non recourse bonds to assist in the development of the Buckeye Industrial Park. Lots are projected to sell at a current price of $8.00 per square foot.

Area Description

The property is strategically located between TampaBay and Sarasot Florida. With convenient access to I-75, Buckeye is less than 5 minutes from I-275. It sis located in Northern Mantee County about 30 miles south of Tampa Bay and is 3 miles from major interstate sytems (I-275 & I-75) Access to every Florida market. Almost directly across the street from Port Manatee this opportunity lends itself to potential port containerization activity. Already the fourth largest port in Florida, Port Manatee is going through a huge expansion process, which is creating a tremendous surge in demand for distribution centers and warehouse/dry storage. Port Manatee expects to nearly double its operations in the next five years