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13136 KEYSTONE BOULEVARD
About This Property
Rare opportunity to acquire 12.66 acres of Commercial General (CG) zoned property strategically positioned between the thriving communities of South Gulf Cove and Rotonda West, representing more than 21,000 platted homesites combined. With residential growth and new home construction booming throughout the surrounding area, demand for additional commercial services, shopping, dining, and business amenities continues to increase. The property's central location provides an excellent opportunity to serve multiple surrounding markets, including Boca Grande Island, Placida, Grove City, Rotonda West, and South Gulf Cove. Adding to the area's growth is Cabana Bay, a new motorcoach community located directly across Gasparilla Road, featuring 170 units.
Commercial General zoning allows for a wide variety of potential development opportunities, including restaurants, hotels, grocery stores, retail establishments, business and professional services, and many other permitted uses. Please refer to the attached zoning information and allowable uses for additional details. With more than 21,000 homesites in the surrounding communities and continued residential and recreational development, this property presents an outstanding opportunity for developers, investors, and businesses looking to establish a presence in this rapidly expanding market. Additional Opportunity: The same seller is also offering 8.57 acres of Commercial General land located across Keystone Boulevard, creating a potential opportunity to acquire additional commercial acreage and expand your development plans. Opportunities of this size and location are hard to find! Contact me today for additional information and to explore the possibilities.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2026 | Listed by PARADISE EXCLUSIVE REAL ESTATE | $3,998,158 | |
| Listed by PARADISE EXCLUSIVE REAL ESTATE | |||
| Mar 7, 2025 | Listed | $4,136,025 | |
| Listed | |||
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12.66 Acres of Prime Commercial Land For Sale. The property is zoned CG - Commercial General. The property is located between two large developments of South Gulf Cove and Rotonda West consisting of over 21,000 homesites combined. New Home Construction has been booming over the last several years which has created a huge demand for Commercial Services in the area. Cabana Bay a New Motor Coach Community located directly across Gasparilla Road consisting of 170 Units is scheduled to open this summer. The subject property is strategically located to service the areas of Boca Grande Island, Placida, Grove City, Rotonda West and South Gulf Cove. Allowable Uses Are, but not limited to Restaurants, Hotel, Grocery Store, Retail & Business Services plus many other uses. Zoning and Allowable Uses are in the attachments. Contact me today for more details. (8.57 Acres of Commercial Land is For Sale across Keystone Blvd from the same seller)
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| Dec 2, 2020 | No longer available | - | |
| No longer available | |||
| Apr 1, 2019 | Listed | $2,205,878 | |
| Listed | |||
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12.66 Acres For Sale - Zoned Commercial General located at the corner of Gasparilla Road(SR771) and Keystone Blvd. The subject property is strategically located in front of South Gulf Cove which consists of approximately 15,000 platted homesites. All utilities are in place making this a prime location for development. New Home Construction is booming in the area which has created a serious demand for commercial development to service all of the new residents. The subject property has the potential to pull people from South Gulf Cove, Rotonda West, Placida and Boca Grande Island. Zoning Codes and Allowable uses are in the attachments.
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| Aug 25, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017