24.76+- ac SR 54 Mixed Use Residential Parcels

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30295011
Property Subtypes: Residential (Single Family)
Status: Pending
Gross Land Area: 24.76 Acres
Sale Price: $5,000,000
Unit Price: $201,938 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2020

Overview / Comments

PROPERTY DESCRIPTION Ferber as the master developer/contract holder for the entire 164 acre parcel is looking for residential partners to purchase up to 2 separate parcels for residential development. As currently planned, the eastern parcel is 24.76 acres and the western parcel is 12.19 acres, however both are subject to change. Both parcels will benefit from master offsite stormwater as well as utilities and the major spine road being constructed by the Seller. The Buyer will be responsible for importing any required fill, clearing, grading and extending utilities and roads from the master spine road to the subject parcel (approximately 800 feet). The pods will have access to SR 54 through the proposed retail and office development with access to a lighted intersection. Traditional apartments are not allowed to be built on either of these parcels. Townhomes and single family homes would be the ideal fit.

LOCATION DESCRIPTION The property is located on the south side of SR 54 across from the main entrance to Ballantrae, between the Suncoast Parkway and Sunlake Blvd. in Pasco County, FL. The property will be the residential component of a mixed-use project with shared access to SR 54.

PROPERTY SIZE 24.76 Acres & 12.19 Acres


PARCEL ID A portion of Pasco County Parcel ID 29-26-18-0000-00400-0000

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1826270000007000010

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,041 30,318 80,746
Median Age: 43.01 38.91 40.06
Households: 2,399 10,966 29,786


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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