834 Riverside Drive, Palmetto, FL 34221
Local realty services provided by:ERA Grizzard Real Estate
Listed by: tony veldkamp, ccim
Office: svn commercial advisory group
MLS#:A4631734
Source:MFRMLS
Price summary
- Price:$3,500,000
About this home
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....
Contact an agent
Home facts
- Subdivision & Development:LAMBS FRACTIONAL SUB
- Listing ID #:A4631734
- Added:613 day(s) ago
- Updated:August 14, 2026 at 08:46 AM
Structure and exterior
- Lot area:3.4 Acres
- Levels:1 Story
Utilities
- Water:Water Nearby
Finances and disclosures
- Price:$3,500,000
Features and amenities
- Pool features:Public Pool
New listings near 834 Riverside Drive
- New
$819,900Active3 beds 4 baths2,074 sq. ft.5119 Caserta Court, PALMETTO, FL 34221
MLS# A4702566Listed by: FINE PROPERTIES - New
$229,900Active3 beds 2 baths1,500 sq. ft.4628 1st Avenue E, PALMETTO, FL 34221
MLS# TB8538822Listed by: SEA ROYAL REALTY, INC. - New
$387,000Active4 beds 3 baths2,200 sq. ft.5117 Levana Street, PALMETTO, FL 34221
MLS# O6433244Listed by: MARK SPAIN REAL ESTATE - Open Sat, 11:30 to 2:30pmNew
$625,000Active3 beds 3 baths2,335 sq. ft.11410 Casella Place, PALMETTO, FL 34221
MLS# TB8537389Listed by: VIEWPOINT REALTY INTERNATIONAL - New
$445,000Active4 beds 3 baths2,756 sq. ft.4410 Dusky Dawn Lane, PALMETTO, FL 34221
MLS# A4702496Listed by: RE/MAX ALLIANCE GROUP - New
$289,900Active3 beds 2 baths1,393 sq. ft.5626 Cortina Lane, PALMETTO, FL 34221
MLS# TB8538000Listed by: LPT REALTY, LLC - New
$129,900Active3 beds 2 baths1,280 sq. ft.420 49th Street E #100, PALMETTO, FL 34221
MLS# S5153917Listed by: THREE MOUNTAINS REALTY - Open Sun, 1 to 3pmNew
$449,000Active3 beds 3 baths1,829 sq. ft.5229 Savino Circle, PALMETTO, FL 34221
MLS# A4699077Listed by: PREMIER PROPERTIES OF SRQ LLC - New
$259,900Active2 beds 2 baths804 sq. ft.1220 12th Avenue W, PALMETTO, FL 34221
MLS# A4702674Listed by: FIDATA REAL ESTATE LLC - New
$490,000Active3 beds 2 baths1,494 sq. ft.7905 55th Street E, PALMETTO, FL 34221
MLS# A4698743Listed by: NAVIGATION 4 REALTY