Catylist ID:
#30712058
154 ac Planned for 385 SF Units + Commercial in Hernando
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: | 30712058 |
| Property Subtypes: | Agricultural, Multi-Family, Residential (Single Family), Retail |
| Status: | Pending |
| Gross Land Area: | 154 Acres |
| Sale Price: | $6,384,000 |
| Unit Price: | $41,454 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/30/2022 |
Overview / Comments
|
PROPERTY DESCRIPTION- The opportunity consists of 154± acres at the corner of US 19 & Centralia Rd. in Hernando County, FL. Currently zoned agricultural, there is a master plan for 385 single-family dwelling units and 120,000 sq.ft. of commercial. LOCATION DESCRIPTION - The property is three contiguous parcels totaling 154± acres at the southeast corner of Centralia Road & US 19 in Brooksville, FL. The Suncoast Parkway and SR 50 (Cortez Blvd.) makes for an easy commute to Downtown Tampa and St. Petersburg. The surrounding area consists of a mixture of transitional land and single-family mhousing and mobile homes with heavy retail along SR 50 and the Suncoast Parkway exit. Just north of Centralia Road, a new extension of Suncoast Parkway from US 98 to SR 44 is currently underway and is expected to be completed in 2022. Immediately south of the site is a new complex of Elementary through 12 public schools. Just a short distance (3 miles) south is a Publix anchored shopping center and a Walgreens drug store. MUNICIPALITY - Hernando County PROPERTY SIZE - 154± Acres UTILITIES - County provided force main for sewer and water services are ready ZONING AG - Likely requires rezoning to a mix of 40' & 50' lots. Using four upa new density for 144 acres, a yield of 576 lots plus 10 acres of commercial FUTURE LAND USE - C/PDP: Residential with commercial at Centralia Rd. and US 19, planned 133 acres Residential, 14 acres commercial, seven acres recreation & open space PARCEL ID - 940398, 940389, 1128782 |
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Hernando |
| Tax ID/APN: | R36 421 17 0000 0010 0010 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 5,346 | 17,663 |
| Median Age: | 38.38 | 50.79 |
| Households: | 1,905 | 7,553 |
| © Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Florida Gulfcoast Commercial Association of Realtors nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
