19.49 Acre Commercial Infill Site For Sale

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30638586
Property Subtypes: Hospitality, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 19.49 Acres
Sale Price: $995,000
Unit Price: $51,051 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2020

Overview / Comments

PRICED REDUCED - PRIME COMMERCIAL SITE FOR SALE on Commercial Way (US Highway 19), next to the entrance of Glen Lakes development, north of SR 50 in Weeki Wachee, Florida, just north of Spring Hill and west of Brooksville. This is an infill site, located just south of a Publix anchored shopping center, and next to the luxury golf course community of Glen Lakes and other luxury subdivisions. This site is suitable for a variety of uses including commercial, retail, office or medical facility development.

This site has 1365 feet of direct frontage and access and excellent visibility along Commercial Way (US Highway 19). Property is commercially zoned and currently has an "AGRICULTURAL EXEMPTION" status, with very low real estate taxes ($160.33 for 2019). This is a great investment for development or for a land speculator to hold this property for future development.

This property is co-listed by the following Independent Real Estate Brokers, who have an Ownership interest in the property:

Richard Harris & Associates, Inc. - Richard L. Harris, Broker, CCIM
Ceraolo Realty - Paul Ceraolo, Broker
Mark F. Ceraolo PA - Mark F. Ceraolo, Broker

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Taxing Authority: Hernando County
Tax ID/APN: 00339798 (Key#)
Zoning: PDP - GHC (PLANNED DEVELOPMENT PROJECT - GENERAL HIGHWAY COMMERCIAL); C-1 PERMITTED USES
Market Type: Medium
Property Located Between: Glen Lakes Blvd & Grizzly Bear Lane
Side of Street: West
Road Type: Paved, Highway
Property Visibility: Excellent
Largest Nearby Street: Commercial Way (US Hwy 19) & Glen Lakes Blvd, North of SR 50
Feet of Frontage: 1,365
Highway Access: The property has direct frontage and access available along Commercial Way (US Highway 19), which is a primary north/south highway extending from Pasco County at the south though Hernando County into Citrus County to the north. There is a nearby median near the entrance of Glen Lakes development on this road. SR 50, which is a major east/west highway, is located a few mile to the south of the property.
Airports: Hernando County Airport & Tampa International Airport
Site Description: The property is a generally level vacant property situated at approximate road grade with trees. A concrete sidewalk has been installed along the Commercial Way (US 19) frontage.
Area Description: The area consists of upscale homes in Glen Lakes development and surrounding subdivisions. There is a recent Publix Shopping Center development and existing commercial properties on Commercial Way (US Hwy 19) in the vicinity of the subject property.
Lot Frontage: 1365 (US Hwy 19)
Lot Depth: 790 Feet MOL (Max Depth)
Zoning Description: PDP - GHC (PLANNED DEVELOPMENT PROJECT - GENERAL HIGHWAY COMMERCIAL). C-1 permitted uses including a variety of commercial and office uses. 2019 "Greenbelt" Agricultural EXEMPTION (reduced real estate taxes).
Development Name: Commercial Site at Glen Lakes
Topography: Level
Available Utilities: Electric, Water, Sewer, Cable, Internet Access

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,532 49,400
Median Age: 49.67 48.68
Households: 6,547 20,703

Contact

Photograph of Listing Agent

Richard (RICK) Harris, CCIM, GAA

Richard Harris & Associates, Inc. CE-FL Member
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