Catylist ID:
#30573937
57.30+- ac Zoned Mixed Use at Cortez & I-75 Brooksville
Vacant Land
for Sale
| Catylist Listing ID: | 30573937 |
| Property Subtypes: | Office, Retail, Retail-Pad |
| Gross Land Area: | 57.30 Acres |
| Sale Price: | $4,510,000 |
| Unit Price: | $78,708 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/15/2020 |
Overview / Comments
|
PROPERTY DESCRIPTION - The opportunity is 57.30± acres on Cortez Blvd. (SR 50) zoned for mixed-use development. The property has approximately 1,862' of frontage along SR 50. A preliminary plat approved for up to 320,000 SF of retail and 100,250 SF of office/medical use. The site includes two billboard leases that generate $3,100 per year. LOCATION DESCRIPTION - Located on Cortez Boulevard (SR 50) in the growing Brooksville area in Hernando County. Located near the I-75 interchange. I-75 has an average daily traffic count of 52,000. Nearby national retailers include Burger King, Racetrack, Waffle House, Holiday Inn, McDonald’s, Taco Bell, Zaxby‘s, Wendy’s, Farm Credit Union, Subway, Advance Auto Parts, Winn-Dixie, Dollar General, Hampton Inn, Cracker Barrel, Dunkin Donuts, and more. SR 50 is being widened all the way to Mascotte. Pipes, barricades and roadwork have started on the east side of I 75. With the ongoing development and growth in Brooksville, state road planners are talking about taking the first steps in the next widening project, which will increase SR 50 from four to six lanes east of Brooksville and west of Interstate 75 in about 20 years. MUNICIPALITY - Hernando County PROPERTY SIZE- 57.3 Acres ZONING - PDP, C-1, GC FUTURE LAND USE - Mixed Use, Retail, Ind, Office, Hotel PARCEL ID - R31 422 21 0000 0050 0000 |
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Hernando |
| Tax ID/APN: | R23 422 19 0000 0000 000A |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 7,453 | 17,419 |
| Median Age: | 42.33 | 42.62 |
| Households: | 2,840 | 6,682 |
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