167+- ac Mixed Use Dev in Zephyrhills

Vacant Land for Sale
Catylist Listing ID: 29978905
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 167 Acres
Sale Price: $11,921,200
Unit Price: $71,384 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2017

Overview / Comments

PROPERTY DESCRIPTION The District at Abbott's square is a planned and approved master planned community with in the city limits of Zephyrhills. The current plan is approved for 124 single family homes, 44 duplex units, 152 townhome units and 768 multifamily units. There will also be approximately 21000 feet of downtown retail space, ball fields, pools, club houses which will all designed around additional active and passive recreation. Zephyrhills has experienced a significant amount growth and development over the past 5-10 years and is a pro-growth, developer friendly city. Sellers will consider a JV structure and/or seller financing for qualified buyers.

LOCATION DESCRIPTION Located at the north end of Dean Dairy Road and west of Simons Road between the Silverado community and the Silver Oaks Golf Course. This site is only 12 miles from I-75 and offers close proximity to shopping, schools and medical centers. Distance to Shopping: Walmart - 2.6 miles, Publix - 2.9 miles, Lowes - 2.9 miles. Distance to Schools: West Zephyrhills Elementary - 1.4 miles, Woodland Elementary - 1.5 miles, RB Stewart Middle School - 1.6 miles, Zephyrhills High School - 1.6 miles. Distance to Medical - Florida Medical Clinic - 1.5 miles, Florida Hospital - 2 miles

PRICING

Apartments - Market Rate $10,000 x 568 units = $5,964,000 - Affordable $12,500 x 200 units = $2,500,000 Townhouses $10,000 x 152 = $1,520,000 Duplexes: $12,000x 44 units = $528,000 Single Lots: $17,500 X 124 lots = $2,170,000 Commercial: $100,000 Total Price: $12,782,000

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 2126040000003000000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,458 38,640 60,609
Median Age: 57.13 52.53 52.21
Households: 2,529 17,605 26,838

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company FGCAR Member
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