9.70 ac for Residential Development in Zephyrhills

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30662365
Property Subtypes: Residential (Single Family)
Status: Pending
Gross Land Area: 9.70 Acres
Sale Price: $2,650,000
Unit Price: $273,195 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

PROPERTY DESCRIPTION - The opportunity consists of three parcels totaling in 9.70± acres planned for residential development. 0.43± acres is a retention area already constructed on the corner of Eiland Blvd. and Geiger Rd. that connects to the remainder of the property. The property falls within the limits of the City of Zephyrhills, which is a pro-growth, developer friendly city that has experienced a significant amount growth and development over the past 5-10 years. Currently zoned PUD (planned development) the owner is in the revision process to increase the density to 175 multi-family units. This listing has a Dual Variable Rate commission.

LOCATION DESCRIPTION - The property is located along 37110 Eiland Boulevard in Zephyrhills, Pasco County, FL. Adjacent to East Pasco Family YMCA.

This location offers for easy access to Wesley Chapel, Tampa, I-75 and I-4.
Distance to Shopping: Walmart - 2.6 miles, Publix - 2.9 miles, Lowes - 2.9 miles, Home Depot - 4.2 miles
Distance to Schools: West Zephyrhills Elementary - 1.4 miles, Woodland Elementary - 1.5 miles, RB Stewart Middle School - 1.6 miles, Zephyrhills High School - 1.6 miles
Distance to Medical: Florida Medical Clinic - 1.5 miles, Florida Hospital - 2 miles

PROPERTY SIZE - 9.70± Acres

ZONING - PUD

PARCEL ID - 03-26-21-0010-12200-0000, 03-26-21-0200-00000-00E1, 03-26-21-0010-12200-0010

PROPERTY OWNER - Smith Cattle & Groves Inc & Cullen E Smith Jr. LLLP

PRICE - $2,625,000 ($15,000/unit)

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 03-26-21-0010-12200-0000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,242 42,518 61,406
Median Age: 61.41 53.77 51.64
Households: 3,746 19,659 27,037

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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