Rezone & Develop 253.80 for Residential Spring Hill

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30713182
Property Subtypes: Agricultural, Residential (Single Family)
Status: Pending
Gross Land Area: 253.80 Acres
Sale Price: $16,500,000
Unit Price: $65,011 Per Acre
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

PROPERTY DESCRIPTION - Chastain Street, Spring Hill is the opportunity to rezone and develop 253 acres of vacant land in Spring Hill, Hernando County, FL. The property is currently zoned agricultural. It has native vegetation on site and there are no wetlands. Major access to the site will be from Sterling Hills Boulevard, once it is extended from the east side of the property. Additional access may be provided from Chastain Street, Princess Lane, and Polk Avenue. Following a successful rezoning, a development of 800-900 single-family homes on 50' lots can be expected.

LOCATION DESCRIPTION - The property is north of Spring Hill Drive and west of the Suncoast Parkway (589) in Spring Hill, Hernando County, a suburb of Tampa, FL. The Suncoast Parkway is a toll road with direct access to the Tampa International Airport and the Westshore Business District. The site has major access from Sterling Hill Boulevard. New homes from $285,000+ are being built and sold by D R Horton to the east of the property. The site is within close and convenient proximity to major roadways for an easy commute to Tampa and nearby shopping and schools.

PROPERTY SIZE - 253.80 Acres

ZONING - AG

FUTURE LAND USE FOLLOWING REZONING - Residential density to be determined; 800-900 single family homes on 50' lots, or fewer homes with some neighborhood retail is possible.

PARCEL ID - R16 423 18 0000 0040 0000

PLEASE CALL FOR PRICING

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Tax ID/APN: R32 323 17 5140 0918 0110

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,994 61,662 112,896
Median Age: 40.73 44.2 47.73
Households: 4,468 24,488 46,659

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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