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 located 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 new employment centers and population growth of the immediate area. A residential use would require a future land use amendment if you weren't able to work within the current zoning. The above is based on conversations had thus far with Hernando County Planning Department thus far.
The owner has engaged the services of RedElk Land Company to exclusively market the Subject Property. Neighboring property owners have expressed some interest in participating in future development plans should the Subject Property either not be appropriately sized and shaped. Please discuss details with the broker.
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)
- ¾ of a mile from the brand new interchange at SR 50 & Interstate 75
- 21,000 cars per day traveling State Road 50
- Numerous Recreational and Wildlife Management Areas
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