Catylist ID:
#30713182
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 |
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 |
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