19.89 ac for Residential Redevelopment in Dade City

Vacant Land for Sale
Catylist Listing ID: 30732783
Property Subtypes: Agricultural, Residential (Single Family)
Gross Land Area: 19.89 Acres
Sale Price: $995,000
Unit Price: $50,025 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2021

Overview / Comments

PROPERTY DESCRIPTION - The opportunity is 19.89± acres of vacant land in Dade City, Pasco County, FL for possible residential development. It's only 10 minutes to Interstate 75, 10 minutes to downtown Dade City, 35 minutes to downtown Tampa, and 40+ minutes to Tampa International Airport.

LOCATION DESCRIPTION - The property is located on the west side of Prospect Road and just south of Clinton Avenue in Dade City, FL. There is significant frontage along Prospect Road, which has a traffic count of 22,000 AADT, since it serves as a north-south connector of SR 54 and SR 52.

State Road 52/the Clinton Avenue Extension, which is a realignment, will result in the traffic being closer to the subject. This roadway extension is scheduled for completion in 2024. The subject is a part of the Villages of Pasadena Hills, which is a 22,000-acre planned development to include 42,000 homes and 500,000 square feet of office space on land between Dade City and Zephyrhills.

PROPERTY SIZE - 19.89 Acres

ZONING - AC & ER2

FUTURE LAND USE - Village Mixed Use - 2 (Located in Village A Type 2 A in the Villages of Pasadena Hills)

PARCEL ID - 07-25-21-0000-00800-0010

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 07-25-21-0000-00800-0010

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,926 12,192 39,930
Median Age: 47.24 39.51 41.85
Households: 779 4,439 15,125

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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