High Visibility Commercial Opportunity State Road 54

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29646960
Property Subtypes: Office, Retail
Status: Pending
Gross Land Area: 25 Acres
Sale Price: $6,250,000
Unit Price: $250,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2019

Overview / Comments

Simon Property Group, recently opened their newest venture, Tampa Premium Outlets, located at I-75 and SR 56, just .75± miles from the subject property. Simon has planned 1.1± million SF for the mall.

The subject property is comprised of a total of 25± acres, zoned Agricultural and has a Future Land Use of Residential 3. The property holds a greenbelt tax designation at the present time.

There is an existing signalized light located at Oak Grove Blvd where the proposed site ingress/egress is planned.

In March 2011, Pasco County adopted a mobility fee to replace transportation impact fees. This fee directs growth away from the undeveloped areas of the County and toward the planned urban service areas like the SR 54 corridor by incentivizing certain types of development. This site is located within Urban Service Area- Map A.

Continual growth is expected in the area with planned residential & commercial developments.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 28-26-19-0000-00700-0000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,835 50,182 109,728
Median Age: 36.92 38 38.02
Households: 2,415 18,139 39,715
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