18± Acre Commercial/Retail, Multi Use Site

Vacant Land for Sale
Catylist Listing ID: 29897820
Property Subtypes: Agricultural, Industrial, Office, Residential (Single Family), Retail, Other
Gross Land Area: 18 Acres
Sale Price: $5,100,000
Unit Price: $283,333 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

The offering is an 18± acre site, an assemblage of 6 individual land parcels owned and controlled by one family group. The 4.58 acre site with frontage on Little Rd. is land planned and zoned for commercial uses. The remaining 13.42± acres is land planned Res-3, and is zoned for Res-3 and AC uses. It is anticipated that higher density commercial or multi-family uses may be obtained. The site is located in an "X" flood zone and contains no wetlands. Sewer and water is available from Pasco County. Although the entire site may be utilized for Commercial Development, a concept plan has been prepared to provide for 62,000± sf of Commercial/Retail Use and a 240 unit multi-family project. The property could be potentially split into two parcels, utilizing the commercial frontage on Little Rd. separate from the balance of the site. Traffic counts on Little Road exceed 45,000 vehicles per day on average.

Multi-parcel commercial/residential land portfolio
4.58± acres on Little Road zoned C -2
13.42± acres Land Planned Res-3, with Res-3 & Ag Zonings
346’± frontage on Little; 970’± on DeCubellis
Pasco County sewer and water available
Located in flood zone "X" and contains no wetlands
45,000 avg. daily traffic on Little Road; 13,000 on DeCubellis
Sale Price for entire portfolio: $5,100,000
Commercial site only: $2,300,000

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 02-26-16-0010-00600-0000, 02-26-16-0010-00500-0000, 02-26-16-0010-00500-0010, 02-26-16-0010-00400-0000, 02-26-16-0010-00300-0000, 02-26-16-0010-00300-0010
Property Visibility: Excellent
Largest Nearby Street: Little Road
Feet of Frontage: 1,316
Traffic/Vehicle Count: 45,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,426 72,172 159,024
Median Age: 49.17 45.2 45.26
Households: 2,462 31,240 69,198
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