5.39+- ac Office Site on SR 54 Lutz

Vacant Land for Sale
Catylist Listing ID: 30340345
Property Subtypes: Office
Gross Land Area: 5.39 Acres
Sale Price: $2,500,000
Unit Price: $463,821 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

PROPERTY DESCRIPTION - Ferber as the master developer/contract holder for the entire 164 acre parcel is looking for an office/medical office developer to purchase 5.39± acres. As currently planned, the parcel is laid out with two 50,000 SF buildings (2-story) with a parking ratio of approx. 5 per 1,000. The property will benefit from master offsite stormwater as well as utilities and the major spine road being constructed by Ferber. The site is being rezoned by Ferber, so a buyer could modify the proposed entitlements to fit their needs.

LOCATION DESCRIPTION - The property is located on the south side of SR 54 across from the main entrance to Ballantrae, between the Suncoast Parkway and Sunlake Blvd. in Pasco County, FL. The property will be the residential component of a mixed-use project with shared access to SR 54.

PROPERTY SIZE - 5.39± Acres

ZONING - Site currently entitled for a minimum of 100,000 sf and a maximum of 120,000 sf of office.

PARCEL ID - A portion of Pasco County Parcel ID 29-26-18-0000-00400-0000

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1826290000004000000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,489 26,541 63,217
Median Age: 32.45 37.88 41.37
Households: 2,426 9,363 24,006


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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