Entire Assemblage $5,800,000.00
The Warm Mineral Springs Master Plan offers a sizable tract of land perfect for a mixed-use development in one of the nation’s fastest-growing markets. Buyers can take advantage of the site's major price reduction. This 18.1-acre site consists of four separate parcel groups totaling 26 total parcels, which may be acquired individually or as a package. The development master plan allows these properties to develop commercial, retail, hotel, medical, office, or institutional space as well as multifamily dwelling units. As part of the comprehensive and holistic vision to combine the development of this exclusive private property and the protection of the Warm Mineral Springs, this business development includes a vision of a health and wellness center, a wellness resort and hotel, an independent/assisted living facility, and complementary residential and commercial components. Additionally, existing buildings and infrastructure improvements are in the pipeline to be completed .
The potential for a true live-work-play environment offers the prospects of capitalizing on a thriving community that is projected to see a nearly 12% increase in population by 2027. Combined with the Warm Mineral Springs’ perfect placement in a qualified opportunity zone, master developers can benefit from a host of tax incentives in an area that is continuing to attract affluent residents from across the country. The Warm Mineral Springs is also located minutes to popular shopping and dining, brand new residential neighborhoods, and Wellen Park, which is home to much of North Port's new developments like Cool Today Park, the Atlanta Braves’ spring training location. Additionally, the entire development is supported by the City of North Port as the owner and operator of the Springs as well as the 82 acres on the North and East of the Springs. In Summer 2021 the North Port City Commission approved over $9,000,000 to support the protection of the Springs and to create an internationally recognized wellness center.
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