67 Acres for SF Residential Development or Light Industrial Development

Investment Overview

This 67-acre property is currently used for farmland (with greenbelt for low taxes); however, it could possibly be rezoned for residential development or warehouse industrial use. It is composed of 4 100% upland parcels mostly cleared for development, contiguous to each other. The property lays approximately 2.4+/- miles East of Downtown Zephyrhills, which is becoming one of Pasco County's main upcoming and fast growing markets with major retailers such as Walmart and Publix, and host of other commercial, shopping and dining venues. With the recent growth in the surrounding market, developments of these types are welcome and have been very successful in this area. These 70 acres are zoned AC and Future Land Use (FLU) is Res-1 or can be considered R-1 MH. This FLU presents a few excellent development opportunities: -- It presents the opportunity to rezone as AR 10 (i.e. at least 10 acre site) to develop an RV park. -- Or rezone as RMH for 4,000 SF lots for a Mobile Home Park with approximately 760 units. -- Or rezone as R-1 MH providing 1 unit per 20,000 SF or 2.2 homes per acre; (2.2 x 70 = 154 units). Utilities are available; electric power and a twelve-inch water main run along Old Lakeland Highway frontage.

Investment Highlights

• 67 ± Acres in 4 Parcels in fast-growing area of SE Pasco County
• Best use: single-family residential development or light industrial development
• 4,800 ± FT of frontage on Old Lakeland Highway
• Power on site on Old Lakeland Highway
• Water on site on Old Lakeland Highway (12-inch water main)
• Sewer on site on Old Lakeland Highway
• Located just 2 ± miles South of US 98, South of Dade City and, and on the East side of Zephyrhills
• Near Publix, Walmart, commerce, schools, and Advent Health medical facilities
• Cleared, upland, and ready for development
• New school planned for site immediately north of the subject
• Near US 301, US 98, I-4, and I-75