13.48± Acre Development Opportunity
Great Location for Townhomes, Multifamily or Commercial.
Marketing 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.
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 a narrative format.
Investment highlights
- High Growth Area and Corridor
- Major Employment Centers nearby
- New Publix Coming Soon (1.5 miles east)
- 1,000s of new single-family units within a 2-mile radius (coming soon)
- 3/4 of a mile from the brand new interchange at SR 50 & Interstate 75
- 23,000 cars per day traveling State Road 50
- Numerous Recreational and Wildlife Management Areas
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