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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,453 17,419
Median Age: 42.33 42.62
Households: 2,840 6,682

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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