Description
Get in on an amazing opportunity near Brooksville, FL: 14.408 acres with 216 residential units via current PDP-R (Planned Development Project - Residential) zoning, plus a recent zoning change and parcel assemblage allowing for multi-family development - all requiring only site plan approval! Parcel number is 00149020. The property has been recently put back on the market after prior buyer was unable to pursue FHFC loan commitments. Don't miss out - take advantage of this great offer now! Use the FL Gray Water Act to potentially increase density up to 25% and capitalize on this investment opportunity. Don't wait any longer - act now!
- The ownership of the property is Fee Simple.
- The current zoning allows for a PDP-R of up to 216 units.
- The planned future use of the land is Mobile Home/Multi-Family Residential.
- Utilities are available on-site for the development of the property.
- It is located within an Enterprise Zone, allowing special tax benefits and incentives for businesses that locate there.
- According to the latest flood map, the risk of flooding in this area is minimal (Zone X).
- A survey and zoning information report have been included in the Due Diligence folder above with CA required to open.
- Taking advantage of 25% density bonus availability through the State of Florida gray water act can significantly lower development costs and increase profits from this venture.
- Both listing agents are principals in the LLC ownership.,
Features
- City
BROOKSVILLE
- Country
US
- County Or Parish
Hernando
- Days On Market
264
- Direction Faces
West
- Directions
Take S Broad St to MLK Blvd. W. - Head East to Mildred Avenue. Property begins at the NEC of Mildred and MLK Blvd. and covers most but not all of the land between Mildred and Hale Avenues and between MLK and Daniel Ave.
- Heating
Yes
- Latitude
29
- List Price
6250000
- Living Area Units
Square Feet
- Longitude
-82
- Lot Size Acres
14
- Lot Size Dimensions
244 x 1
418 x 466
- Lot Size Square Feet
627605
- Lot Size Units
Square Feet
- M L S Area Major
34601 - Brooksville
- Mls Status
Active
- On Market Date
2021-06-09 00:00:00
- Original List Price
3780000
- Originating System Name
stellar
- Ownership
Fee Simple
- Parcel Number
R27 222 19 3010 00A0 0010
- Postal Code
34601
- Property Type
Land
- Road Surface Type
Asphalt
Paved
- Sewer
Public Sewer
- Special Listing Conditions
None
- Standard Status
Active
- State Or Province
FL
- Subdivision Name
PARSONS ADD TO BROOKSVILLE
- Unparsed Address
MLK BOULEVARD W
BROOKSVILLE FL 34601
- Utilities
Cable Available
Electricity Available
Sewer Available
Underground Utilities
Water Available
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/stellar/U8126457
- Water Source
Public
- Zoning
PUD
