25 Acre Lakefront Mixed Use Site

Vacant Land for Sale
Also listed as Office
Catylist Listing ID: 29848673
Property Subtypes: Office, Retail, Other
Gross Land Area: 25 Acres
Sale Price: $1,999,000
Unit Price: $79,960 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/19/2017

Overview / Comments

This 25 Acre Mixed Use Lakefront Site boasts approximately 660 ft. of frontage along Highway 301. Currently, the parcels consist of a car lot, homes, and various commercial structures, but the site is destined for redevelopment. Being relatively equidistant to Zephyrhills and Dade City, the site is the only designated “commercial node” along this busy stretch of US 301, offering a prime location for business growth and workforce housing. This property is a prime candidate for development in the upcoming, and, in-progress, Highway 301 Corridor Plan. The recent changes to the Pasco County 2025 Comp Plan included a change, 600 ft deep into the property, to a COM LAND USE, which allows for a high-intensity mixed use development. The COM land use offers entitlement possibilities of up to 24 units / acre and a .6 FAR. After preliminary, yet informal discussions with county planners, there is a strong possibility and willingness to expand this level of density throughout the entire parcel with a master site plan including retail along Highway 301 and secondary retail/professional office, with integrated residential through the remainder of the property back to the lakefront. Building size: 14,469 sf total (multiple structures) dimensions: 660’ x 1275’ less one parcel, zoning: C-1 / C-2 / R, density: 24 Units / Acre (.6 FAR), land use: COM / Res-3, six parcels (back up to lake), utilities: well / septic (municipal soon). Located between Zephyrhills and Dade City in Central / NE Pasco County directly on Lake Gilbert, a small and serene lake bordered by pine forest to the west and an easy commute to Dade City, Zephyrhills, Brooksville, Land O Lakes, Lutz, North Tampa, New Tampa.
**DETAILED SALE BROCHURE IN PHOTOS & DOCUMENTS**

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Submarket Type: Other
Taxing Authority: Pasco County
Tax ID/APN: 2125150000023000010
Zoning: C-1 / C-2 / R
Property Located Between: Lake Gilbert Circle & Hwy 301
Largest Nearby Street: US-301
Highway Access: US-301
Airports: Tampa International
Site Description: This 25 Acre Mixed Use Lakefront Site boasts approximately 660 ft. of frontage along Highway 301.
Area Description: Located between Zephyrhills and Dade City in Central / NE Pasco County directly on Lake Gilbert, a small and serene lake bordered by pine forest to the west and an easy commute to Dade City, Zephyrhills, Brooksville, Land O Lakes, Lutz, North Tampa, New Tampa.
Development Name: 25 Acre Lakefront Mixed Use Site

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,731 49,531
Median Age: 47.72 45.78
Households: 5,587 20,289

Contact

Photograph of Listing Agent

Michael Braccia, P.A.

Bay Street Commercial FGCAR CIE Member
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