Cortez Oaks Commercial Lots 6-7-8

Vacant Land for Sale
Catylist Listing ID: 30607437
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 16.90 Acres
Sale Price: $7,749,000
Unit Price: $458,520 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

Available, 1.15± acre up to 68± acres commercial and mixed-use development sites in Brooksville/Spring Hill area of Hernando County. This site is strategically located 2.25± miles from US Highway 19 and 3.25± miles west of the Suncoast Parkway, major north-south travel routes into and through the Gulfcoast area. This site features direct exposure to Cortez Boulevard (SR50) a six-lane major commuter and travel route. A signalized intersection is planned for this Planned Development Project (CPDP). Adjacent to the site, Oak Hill Hospital, employer to 1,500 - 2,000, is undertaking a $100 million expansion. Directly behind the commercial and mixed-use sites will be built nearly 1,000 dwelling units, contributing to this, already, area of growth.

Development sites ranging 1.15± acres up to 68± acres | Lots zoned Mixed-use and Commercial
Signalized intersection planned | Rapid growth area
537 single-family homes, 320 villas and 160 multi-family unit new development behind sites
80,000 SF office and 140,000 SF commercial building development allowed under the Combined Planned Development Project (CPDP)
Adjacent to Oak Hill Hospital - undertaking a $100 mil expansion | Major employer - 1500 - 2000
Frontage and exposure to Cortez Blvd. (SR50), a six-lane major commuter roadway
Strategically located 2.25± miles east of US19 and 3.5± miles west of the Suncoast Parkway

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Taxing Authority: Hernando County
Tax ID/APN: R31 422 18 0000 0020 0020
Property Visibility: Excellent
Largest Nearby Street: Cortez Boulevard (SR 50)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,058 42,959 89,138
Median Age: 49.56 45.85 47.79
Households: 2,932 17,170 37,412
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