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29373 Cortez Blvd - 13.5 ACRE DEVELOPMENT OPPORTUNITY

13.38 Acres of Commercial Land Offered at £2,467,565 in Brooksville, FL 34602

Investment Highlights

  • High Growth Area and Corridor
  • New Publix Coming Soon (1.5 miles east)
  • ¾ of a mile from the brand new interchange at SR 50 & Interstate 75
  • Major Employment Centers nearby
  • 1,000s of new single-family units within a 2-mile radius (coming soon)
  • 20,000 cars per day traveling State Road 50

Executive Summary

State Road 50 is a major growth corridor that has been recently expanded in anticipation of the boom in population growth of the surrounding area. Interstate 75 Corridor growth can be attributed to the desire to locate new employment centers near a qualified labor base and to support commerce in the area’s greater MSAs. There is too much growth in the area to adequately summarize in narrative format.
Hernando County Planning Department has expressed support for amending the entitlements to either a well-planned commercial and/or multifamily development. Ideally, a use that supports the new employment centers and population growth of the immediate area.
The owner has engaged the services of RedElk Land Company to exclusively market the Subject Property.

Property Facts

Price £2,467,565
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Multifamily
  • Hold For Development
  • Truck Stop
Total Lot Size 13.38 AC

1 Lot Available

Lot

Price £2,467,565
Price Per AC £184,421.86
Lot Size 13.38 AC

The Subject Property is 13.48± acres (100% uplands) of vacant land located near the newly expanded interchange at State Road 50 and Interstate 75.

Description

The Subject Property is 13.48± acres (100% uplands) of vacant land near the newly expanded interchange at State Road 50 and Interstate 75. Hernando County Planning Department has expressed support in amending the entitlements to a well-planned commercial development. Ideally, a use that supports the immediate area's new employment centers and population growth. A residential use would require a future land use amendment if you couldn't work within the current zoning. The above is based on conversations had with the Hernando County Planning Department thus far. The owner has engaged RedElk Land Company to market the Subject Property exclusively.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R36-122-20-0770-0000-0070
  • R36-122-20-0770-0000-0071
  • R36-122-20-0770-0000-0120
  • R36-122-20-0770-0000-0140
  • R36-122-20-0770-0000-0060
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£129,966

zoning

Zoning Code Res(R-1B); Ag; C-2
Res(R-1B); Ag; C-2
  • Listing ID: 25786909

  • Date on Market: 25/05/2022

  • Last Updated:

  • Address: 29373 Cortez Blvd, Brooksville, FL 34602

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