Rezone/Develop 8 Parcels S. Side SR 52

Vacant Land for Sale
Catylist Listing ID: 30704444
Property Subtypes: Office, Retail, Other
Gross Land Area: 312.75 Acres
Sale Price: $27,000,000
Unit Price: $86,330 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/13/2021

Overview / Comments

PROPERTY DESCRIPTION- The opportunity is to rezone and develop eight parcels along the south side of SR 52. The frontage parcels included are 56.87 acres, 67.33 acres, 18.45 acres and 4.12 acres. The front parcels have adjacent southern parcels of 107.49 acres, 95.43 acres, and 82.96 acres that run north of the old rail line. The 8th parcel was the railroad ROW of 15.10 acres. On the south side of all of this is a major public property owned by SWFWMD.

The southern portion is currently under contract for single family development. Along SR 52 there are entitlments for up to 100± acres for up to 1,000,000 sq.ft. of community support and distribution, 900 units of rental apartments is pending rezoning and is offered at a minimum of 300 units in the first phase, and 20± acres of retail. The balance of office and retail is not being offered at this time.

A proposed concept plan shows the entire property that is proposed for the MPUD rezoning. See concept plan on page 7 for the amount of residential units. This listing has a Dual Variable Commission rate.

LOCATION DESCRIPTION - Located along State Road 52 in Land O' Lakes, FL. The property is situated between the Suncoast Parkway and Interstate-75, making for a quick 30-minute commute to downtown Tampa and a 45 minute commute to Tampa International Airport.

This rapid growing area of Pasco county has shopping, dining, medical services and schools in close proximity, such as The Tampa Premium Outlets and Shops at Wiregrass. Clearwater, St. Pete and Tampa area beaches as well as Tampa Bay are also convenient destinations.

MUNICIPALITY - Pasco County

PROPERTY SIZ 312.75± Northern Acres
135± Southern Acres – Currently Under Contract for 600± residential units

ZONING - AG, MPUD - entire parcel is being rezoned by Seller. See page seven for potential rezoning uses.

FUTURE LAND USE - Employment Center (EC)

UTILITIES - There is a pending contract with a notable builder to deliver utilities to the entire site.

PARCEL ID

10-25-19-0000-00400-0000, 10-25-19-0000-00500-0000, 15-25-19-0000-00400-0000,15-25-19-0000-00500-0000, 15-25-19-0000-00600-0000, 15-25-19-0000-19900-0000, 10-25-19-0000-00700-0010, 10-25-19-0000-00600-0000

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 10-25-19-0000-00300-0000

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,543 20,459
Median Age: 43.2 44.1
Households: 517 7,355

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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