48.11 Acres Mixed Use Old Pasco Rd

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29979093
Property Subtypes: Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Status: Pending/Contingent
Gross Land Area: 48.11 Acres
Sale Price: $3,600,000
Unit Price: $74,828 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2019

Overview / Comments

48.11 acres of vacant land with great potential for mixed use development in Wesley Chapel, Pasco County, FL directly north of The Cobb Theatre/Cinebistro at The Grove at Wesley Chapel Shopping Destination. Property is zoned R2, future land use is Mixed Use - commercial, industrial, single family and/or multifamily.

The property is located on Old Pasco Road, Wesley Chapel, FL 33544 immediately north of The Grove which features numerous retailers including Dicks Sporting Goods, Ross, Best Buy, Bed Bath & Beyond, Michaels, Pet Smart, Ulta, Old Navy Toys R Us, Babies R Us, GNC, Dollar Tree, Chuck E. Cheese' s and TJ Maxx in over 400,000 sf of existing commercial space. An additional 400,000 sf of retail development is planned.

It is centrally located between multiple golf courses including Quail Hollow Golf Club, Lexington Oaks Golf Club, Tampa Bay Golf & Country Club and world-renown Saddlebrook Golf, Tennis and Spa Resort.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 06-26-20-0000-00400-0000
Property Located Between: Old Pasco Rd and Interstate 75
Property Visibility: Excellent
Largest Nearby Street: Old Pasco Road
Feet of Frontage: 2,710
Highway Access: Interstate 75 exit 279 at SR 54 is only 1.3 miles away.
Airports: Tampa International Airport is located approximately 30 miles Southwest.
Site Description: Access is on Old Pasco Road. From I-75, take State Road 54 west and turn right onto Oakley Boulevard. At the intersection of Oakley/Old Pasco and Quail Hollow Boulevard, turn right onto Old Pasco Road. The property will be on the right. Old Pasco Road can also be accessed of off County Road 54/Wesley Chapel Boulevard. Florida DOT and Pasco County working on design now for new I-75 interchange only 1.5 miles north of this site for the new Overpass Road Interchange. Construction to be completed by 2022.
Area Description: Wesley Chapel, FL is an established, yet growing area of Pasco County that has become an extension of New Tampa and is now home to many successful master planned communities including Seven Oaks, Lexington Oaks, Wiregrass, and the emerging Epperson Community. This area is experiencing retail and commercial growth beyond comparison in the Tampa Bay region with the addition of The Groves, The Shops at Wiregrass and the brand new Tampa Premium Outlets. Recognized nationally, Wesley Chapel is one of Tampa Bay's hottest destinations for new development.
Lot Frontage: 2710
Zoning Description: R2 - FLU is Mixed Use

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 28,074 63,500
Median Age: 36.55 38.01
Households: 9,548 22,748


Photograph of Listing Agent

Nancy B. Surak

Land Advisors Organization - Tampa
CE-FL Member
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