75.9 ac Future Res Development in Brooksville

Vacant Land for Sale
Catylist Listing ID: 30737663
Property Subtypes: Agricultural, Residential (Single Family)
Gross Land Area: 75.90 Acres
Sale Price: See Agent
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

PROPERTY DESCRIPTION - The opportunity is 75.9 acres of residential land in Hernando County abutting the Brooksville City limits that could easily be annexed into the city. The property is currently zoned for agricultural uses with a future land use allowing for residential development. The property is ideal for residential development. Approximately one mile from the Hernando County courthouse, the heart of downtown Brooksville, Brooksville Elementary School, and Hernando High School. Also, the site is located within an Opportunity Zone and has major retailers nearby.

LOCATION DESCRIPTION AND ADDITIONAL PARCEL - The owners also own an adjacent parcel, approximately 12.7 acres, lying between the 75.9 acres and US 41 (N. Broad Street) which is in the city limits of Brooksville and zoned commercial. They would consider selling that parcel or provide an easement/right of way that would provide ingress/egress to the 75.9 acres. The parcel is also accessible off of Mondon Hill Road.

PROPERTY SIZE - 75.9± Acres

UTILITIES - In 2005, the Owners granted an easement along the eastern and northern sides to extend sewer and water. This provides available sewer, water, and fire protections.

There is also an agreement reserving capacity and a waiver of some impact fees.

ZONING - Agricultural – The site is currently in unincorporated Hernando County but borders the City limits of Brooksville and offers the option of annexing into the City or rezoning in the County. There may be advantages either way. A successful rezoning could yield a mix of single family lots, including rental units which could be especially attractive given the property being within an Opportunity Zone.

FUTURE LAND USE - Residential, single family, and multi family

PARCEL ID - 355573, 355582, 355699

PRICE - Contact Broker For Details

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Tax ID/APN: R23 422 19 0000 0260 0000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,179 13,988 21,993
Median Age: 48.07 47.16 47.05
Households: 1,499 6,114 9,335


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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