28 ac Parcel for 600 Apt Units in Wildwood

Vacant Land for Sale
Catylist Listing ID: 30777933
Property Subtypes: Multi-Family
Gross Land Area: 28 Acres
Sale Price: $15,000,000
Unit Price: $535,714 Per Acre
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/18/2022

Overview / Comments

PROPERTY DESCRIPTION - Sumter Springs, is a 28 acre parcel planned for up to 600 units of apartments in a larger proposed master planned community that is planned for 630 SF lots and 20+ acres of commercial. The site is ideally located on SR 44 in Wildwood, FL just a mile east of I-75 and 4 miles west of the Villages. The property is located with 2 hours of over 7.6 million residents and is less than 60 minutes from Tampa, Orlando and Ocala. The Seller would consider splitting the parcel into 2 separate transactions of 300 units each.

LOCATION DESCRIPTION - This property is located on the south side of State Road 44, 1 mile east of Interstate 75, in Sumter County, FL. It is within the city limits of Wildwood which is essentially in the middle of the state allowing incredible access to all of Florida in a timely manner.

PROPERTY SIZE - 28.0 Acres

ZONING - MPD- for up to 600 units of multi-family

PROPERTY OWNER - Sumter LLC

PRICE - $25,000 per unit for a minimum of 300 units.

Additional Details

Nearest MSA: The Villages
County: Sumter
Tax ID/APN: F02-021

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,148 4,193 37,360
Median Age: 32.14 44.28 62.44
Households: 394 1,717 19,272

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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