Catylist ID:
#30712058
154 ac Planned for 385 SF Units + Commercial in Hernando
Vacant Land
for Sale
| Catylist Listing ID: | 30712058 |
| Property Subtypes: | Agricultural, Multi-Family, Residential (Single Family), Retail |
| 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: | 7/30/2021 |
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 |
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