21.33 Acre Commercial / Residential Land

Vacant Land for Sale
Catylist Listing ID: 29733064
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 21.33 Acres
Sale Price: $1,400,000
Unit Price: $65,635 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

Prime Commercial Development Opportunity on 21.33 acres, 0.6 miles east of the Suncoast Parkway, Across from Suncoast Crossings Shopping Center (Kohl' s, Target, McDonalds) The site allows for both Residential and Commercial uses. 16 residential units per acre / 340 residential units. Retail and office uses consistent with the land plan for Hernando County. The Brooksville-Tampa Bay Regional Airport is ΒΌ mile south of the property.

Total Population within a 5 Mile Radius is 66,967 with over 26,000 Households. Median Income within 1 mile is $59,944.

Neighborhood Commercial / Residential area, 1/4 mile from the entrance to the Suncoast Parkway.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Tax ID/APN: R14-423-18-000000-200010
Market Type: Small
Property Located Between: Suncoast Parkway & US HWY 41
Side of Street: North
Property Visibility: Excellent
Feet of Frontage: 1,400
Traffic/Vehicle Count: 17,800
Highway Access: 1/4 MIle from the Suncoast PArkway
Airports: Brooksville-Tampa Bay Regional Airport - 1/4 Mile
Zoning Description: PDP-GHC allows for commercial retail and office uses including Big Box Retail. The Land Use is Residential and allows for up to 16 units per acre or approximately 340 residential units.
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,216 32,302 81,391
Median Age: 37.32 44.04 45.7
Households: 498 12,225 32,725
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