Mixed Use Development Site - LoopNet...temperature of 87 degrees in the only warm springs in Florida and have the highest mineral content of any natural springs in the United States

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Colliers International13241 University Drive | Suite 101

Fort Myers, FL 33907P: +1 239 418 0300

colliers.com/southwestflorida

Mixed Use Development SiteWith an Emphasis on Wellness | Warm Mineral Springs, North Port, Florida

Table of Contents

colliers.com/southwestfloridaEXCLUSIVELY MARKETED BY:

Jim Garinger, CCIM, SIORExecutive Managing Director+1 239 985 [email protected]. No. BK697880

Fred Kolb, MBA, CCIMDirector+1 239 985 [email protected]. No. BK3011638

Andrew Green, CCIMAssociate+1 239 985 [email protected]. No. SL3341222

Executive Summary Overview Features The Vision

Property Profile Description Conceptual Site Plan Zoning

Location Overview City of North Port Demographics


Fort Myers, FL 33907P: +1 239 418 0300


Maddie Pierson Client Services Coordinator+1 239 985 [email protected]. No. SL3376504

JoAnn Greenlee, CPMC, CPRCSr. Client Services Specialist+1 239 985 [email protected]. No. SL3152244


Executive Summary

$8,540,000

*Offered for:

19± Acres

Exclusive private property adjacent to Warm Mineral Springs - North Port, Florida

Parcel Group G (1.9 acres): $ 595,000

Parcel Group D (2.7 acres): $ 995,000

Parcel Group A (4.7 acres): $3,000,000

Parcel Groups B, E + C, F (9.7 acres): $3,950,000

Also Offered as Separate Sites:

*Entire group offered for a negotiable volume discount -Seller’s financing is available for the qualified buyers


The healing waters of Warm Mineral Springs in North Port, Florida -- a world-renown geothermal springs known as a “Fountain of Youth” -- have been gushing at a rate of 9 million gallons per day since the dawn of time. These waters are at a constant year-round temperature of 87 degrees in the only warm springs in Florida and have the highest mineral content of any natural springs in the United States and third highest in the world. The Springs has been rated in the top ten mineral springs in the world in numerous publications throughout the years. The Springs is owned by the City of North Port and is on the National Historic Register. This natural wonder of Florida draws enormous influx of visitors and is magnet for health and wellness tourism.

A visionary New York physician discovered Warm Mineral Springs and its vicinity as a healing and wellness destination that would inevitably become an international wellness tourism destination, taping in $40-55 billion health and wellness tourism and over $100 billion anti-aging markets, and invested in land adjacent to the Springs to make it a reality.

The offered properties are positioned to capitalize on this superior natural wonder via the development of a multi-faceted health and wellness destination resort. The development has strong support of local government that owns the Spring and is in confluence with the local government goals and actions in upgrading the Springs’ landmark facilities and keeping the public land adjacent to the Springs a natural park. Warm Mineral Spring vicinity and the broad land use makes these properties the most suitable location for the development of not just of visionary holistic health and wellness center, but of all-encompassing wellness resort consisting of the health and wellness center, the boutique wellness hotel, the assisted living facility, the residential space of up to 72 multi-family units and a commercial hub. These uses can be apportioned among the parcels depending on the purchasers’ development goals and plans. The properties total approximately 19± acres and are configured as four separate groups, which may be acquired individually or as a package. The package purchase is offered for a negotiable volume discount. Seller’s financing is available for the qualified buyers.

Overview


• Warm Mineral Springs produces 9 million gallons per day of new water infused with 51 essential minerals -- the richest density of minerals of any hot mineral springs in the United States at a constant perfectly balanced temperature of 87 degree year round -- which makes it a unique national and international health and wellness destination

• Warm Mineral Springs was most recently rated in Huffington Post Travel as among the top 8 natural healing springs word wide. “Ponce de Leon might have been on to something when he was searching for the Fountain of Youth in Florida. North Port, Fla.’s Warm Mineral Springs, once visited by the Spanish explorer, are visited for their rejuvenating properties to this day. Always a “perfect” 87 degrees in the only warm springs in Florida, the waters contain 51 essential minerals (like magnesium, potassium, sulphur, sodium and strontium) in greater concentration than any other American mineral spring. Health points out that these waters are believed to alleviate skin conditions, arthritis and gastrointestinal illnesses” (http://www.huffingtonpost.com/2013/01/11/spa-travel-natural-spa_n_2449634.html)

• Strong and expanding national and international health tourism and wellness travel market

• 11,000-17,000 sq. ft. health & wellness center is currently in the conclusion of the permitting stage

• North Port has been listed No. 1 in financial well-being in 2016 as well as No. 1 U.S. metro area for well-being by Gallup-Healthways in 2015

Features


Warm Mineral Springs Health and Wellness Resort is envisioned as a multipurpose symbiotic development of a Health & Wellness Center, a Wellness Resort Hotel, an Independent/Assisted Living Facility and residential and commercial components on a 19+ acre site immediately adjacent to the historic Warm Mineral Springs, the internationally renowned geothermal mineral springs, located in North Port, Sarasota County, Florida. The vision is to establish Warm Mineral Springs Health and Wellness Resort as a premier health and wellness tourism destination.

11,000-17,000 sq. ft. health and wellness center to be situated on Parcel Group G is in final permitting stage and envisions and is allowed to have the health, fitness, nutritional, anti-aging, pain management and other health and wellness programs, utilizing the fusion of the traditional medicine with holistic properties of Warm Mineral Springs to become an integral component of the local, national and international wellness tourism networks, and will be incorporated as part of the overall wellness vacation package. Other parcels may include a wellness resort hotel, 72+ residential units, commercial businesses and a public plaza. When completed, this project will become a centerpiece of the revitalization, economic development and promotion of the area in harmony with Atlanta Braves and it’s new, nearby training facility, and aspire the project to become a national and international health and wellness destination of the total wellness lifestyle.

To preserve the environmental integrity of the Springs, open green spaces will be left untouched by development and the adjacent public land is being upgraded as a natural park.

The City of North Port owns ±82-acres adjacent to the Springs and is devising a master plan for the establishing of Warm Mineral Springs Public Park and renovation of the landmark buildings serving the Springs visitors.

The Vision


CLOCKWISE FROM TOP LEFT: Assisted living facility block, boardwalk & terraced houses, flatiron building at Ortiz.The Vision


CLOCKWISE FROM TOP LEFT: Residential / HotelThe Vision


Property Profile


• Location: Ortiz Boulevard, North Port, Florida

• Site: the subject property is located north of Tamiami Trail (US 41) and Ortiz Boulevard adjacent to Warm Mineral Springs, and south of De Leon Drive

• Land Area: The property consists of 27 parcels totaling ±19 acres

• Zoning: Activity Center 7a mixed use (City of North Port), OPI office, professional & institutional, and CN commercial neighborhood (Sarasota County). 14.1 Acres 5-parcel space (Parcels A, B, C, E and F) out of the 19 Acres have been rezoned to City of North Port Planned Community Development (PCD) Zoning District. Development entitlements have been increased to non-residential intensity of 269,000 sq.ft. with height limit of three stories and 72 residential multi-family units. An amendment was adopted to incorporate the 14.1 acres to Activity Center (AC 7A) which allows for greater development autonomy. (WMS Ordinance No. 2015-02, June 22, 2015 & WMS Ordinance No. 2015-03, July 2, 2015). Additionally, 2 adjacent parcels (Parcels D and G) under the Sarasota county jurisdiction allow for additional commercial development, for the total 7-parcel build-able non-residential space of 330,000 sq.ft.

• Access to and by rail, sea ports and air travel

• Zoning ordinance(s): No. 2015-03, No. 2015-02 & No. 2015-04

Description Overview

Warm Mineral Springs

Parcel Group (D) ± 2.7 Acres Hotel site or other commercial useZoned: CN - Commercial Neighborhood

Parking

Parcel Group (G) ± 1.9 Acres Health & Wellness Center (in permitting) Zoned: OPI - Office, Professional, Institutional

Parcel Groups (B, E + C, F) ± 9.7 Acres Residential Zoned: Activity Center 7A - multi use development (City of North Port)

Parcel Group (A) ± 4.7 AcresHotel, Assisted Living or other commercial use Zoned: Activity Center 7A - multi use development (City of North Port)


Conceptual Site Plan

Parcel D

Owner WMS North Port RE #1, LLC

Lot Size 2.7 acres

Zoning CN - Commercial Neighborhood

Cross Street DeLeon Drive & Ortiz Blvd

*Parcel G


Lot Size 1.9 acres

Zoning OPI - Office, Professional, Institutional

Cross Street DeLeon Drive & Ortiz Blvd

*Parcel allocated for 17,000 SF WMS Health & Wellness Center or the Professional Plaza with 10 - 12 offices


ZONING

SITE PLAN

Parcel A


Lot Size 4.7 acres

Zoning Activity Center 7A, multi-use development (City of North Port)

Cross Street Ortiz Blvd & Trionfo Avenue

Parcel B, E & C, F

Owner WMS North Port RE #3, LLC (B, E) WMS North Port RE #4, LLC (C, F)

Lot Size 9.7 acres

Zoning Activity Center 7A, multi-use development (City of North Port)

Cross Street Dorado Drive & Ortiz Blvd

Zoning Ordinance No. 2015-03• Future Land Use: Development of 14.1 acre site limited to 269,000 SF of non-

residential space & 72 residential multifamily units (references parcels b,e,c,f,&a)• All buildings shall be limited to three stories

Zoning Ordinance No. 2015-02• Development shall include a mixture of commercial, institutional, office,

professional, tourism or residential• Activity Center 7A added to Future Land Use code


Location Overview

Projected Population (2023)

50,741

Average Household Income (2018)

$62,471

Projected Average Household Income (2023)

$74,469

Population (2018)

47,542

Median Age (2018)

52.2%

Households (2018)

20,331


Source: City of North Port Economic Development

• Home to Warm Mineral Springs - one of the world’s top 8 hot mineral springs

• Atlanta Braves Training Facility located less than 6 miles away from the Springs is under construction for the 2019 season

• Ad valorem tax exemptions for qualifying new businesses and qualifying expansions of existing businesses

• Over the past 10 years North Port has endeavored to improve roadways, expand wastewater treatment capacity, build new fire stations, schools, parks and recreation facilities, and increase sewer and water infrastructure to accommodate new development opportunities

• North Port has been listed No. 1 in financial well-being in 2016 as well as No. 1 U.S. metro area for well-being by Gallup-Healthways in 2015

The City of North Port, one of Florida’s fastest growing cities, is strategically located in Sarasota County, on Florida’s Gulf Coast midway between Tampa and Fort Myers. North Port-Sarasota-Bradenton is the 6th largest metropolitan area in Florida leading in job growth. This thriving young community [founded in 1959] has the amenities and assets that make it an attractive location for new business, industrial, office development and quality city living.

North Port’s local government is taking active steps in upgrading the Springs’ landmark facilities, maintaining the public land adjacent to the Springs a natural park, and enthusiastically supports economic development on 19+ acres of privately held land.

North Port has several prime development sites, ample sewer and water capacity and excellent interstate access via I-75. Its community amenities include quality public schools, outstanding parks and recreation facilities, beautiful golf courses, and a state-of-the-art performing arts center complemented by tree-lined streets, sidewalks and canals that meander through the City’s neighborhoods. Air travel is accessible from three international and three municipal airport facilities located within 45 to 90 minutes of the City. Local seaports (Port Manatee and Port of Tampa) and rail service can connect products and materials to customers nationally and globally.

Over the past twelve years North Port has experienced a steady increase in population and recently became the lead city for the North Port-Bradenton-Sarasota Metropolitan Statistical Area (MSA). Impact fees, utility and land costs in North Port are among the lowest in southwest Florida. A young, skilled workforce [median age of 40] and opportunities for additional training and education through local colleges and universities such as State College of Florida and the University of South Florida add to North Port’s appeal as a great location to do business.

NORTH PORT FLORIDAAREA DEMOGRAPHICS 5-MILE


NORTH PORT FLORIDA

Colliers SummaryNorth Port City, FL Prepared by EsriNorth Port City, FL (1249675)Geography: Place

Population Summary North Port ci...2017 Summary

Population 66,152Households 25,914Families 18,452Average Household Size 2.55Median Age 44.1

Population Age 25+ 72%Trends: 2017-2022 Annual Rate

Population 1.42%Households 1.42%Families 1.31%Median Household Income 2.24%

2017 Population by SexMales 32,175Male Population % 49%Females 33,976Female Population % 51%

2017 Race and Ethnicity North Port ci...White Alone 86.9%Black Alone 6.6%American Indian Alone 0.3%Asian Alone 1.5%Pacific Islander Alone 0.1%Some Other Race Alone 2.0%Two or More Races 2.6%Hispanic Origin (Any Race) 10.3%

2017 Educational AttainmentTotal 47,473

Less than 9th Grade 2.7%9th - 12th Grade, No Diploma 6.1%High School Graduate 31.8%GED/Alternative Credential 5.6%Some College, No Degree 22.5%Associate Degree 10.9%Bachelor's Degree 13.8%Graduate/Professional Degree 6.6%

Income & Households Summary North Port ci...2017 Households by Income

Median Household Income $52,749Average Household Income $68,149Per Capita Income $26,937

2017 HouseholdsHouseholds w/ Income $50k+ 14,027

Average Household Size 2.552017 Total Housing Units (Esri) 31,583

Owner Occupied Housing Units 19,931Renter Occupied Housing Units 5,983

Data for all businesses in area North Port ci...2017 Total Daytime Population (Esri) 48,698

2017 Daytime Population: Workers (Esri) 9,9032017 Daytime Population: Residents (Esri) 38,795

Source:

October 15, 2018

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Colliers International13241 University Drive | Suite 101 Fort Myers, FL 33907P: +1 239 418 0300colliers.com/southwestflorida

WARM MINERAL SPRINGS

SITE

NORTH

“MIRACLE MILE” SHOPPING DISTRICTNORTH PORT COMMONS

SHOPPES AT NORTH PORT

WEST VILLAGES

PUNTA GORDA

HARBOR COVE

Braves Spring Training Facility:The new $100 million ballpark in the West Villages, built with a combination of funding from the Braves, North Port, Sarasota County and the state, is expected to feature 6,500 fixed seats, with the ability to accommodate another 2,500 general admission patrons on the berm and concourse.

The West Villages Village District Pattern Book was crafted to establish a broad community framework within which the private sector can express itself in the building of sustainable Villages, Neighborhoods, and Town Centers.

The West Villages consists of approximately 8,000 acres of annexed land, and shall be developed consistent with the Village Index Map as indicated in the Pattern Book. The Village Index Map is intended to illustrate general locations for future villages, village centers, the town center, and primary roadways.

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, condi-tions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.


Fort Myers, FL 33907P: +1 239 418 0300

Jim Garinger, CCIM, SIOR Executive Managing Director+1 239 985 [email protected]. No. BK697880

Fred Kolb, MBA, CCIMDirector+1 239 985 [email protected]. No. BK3011638

Andrew Green, CCIMAssociate+1 239 985 [email protected]. No. SL3341222

Documents

Mixed Use Development Site - LoopNet...temperature of 87 degrees in the only warm springs in Florida and have the highest mineral content of any natural springs in the United States