Prime Multifamily development opportunity fronting US Hwy 19/Suncoast Blvd in growing Homosassa Florida. Subject property is 12.43 acres with 934 on US 19/Suncoast Blvd. Zoned MDR-Medium Density Residential current zoning allows for 8 units per acre for a potential of 90 apartments/townhomes. Located on the S Suncoast Highway Corridor connecting Levy County just 53 miles due north of the subject property and just south of Hernando County 21 miles. Additional connection the NEWLY Constructed $135 Million Suncoast Parkway Toll Road and currently in the path of the of the US 19 6 lane widening project spanning from the boarder of Hernando County and extending through Crystal River, Florida at the intersection of Fort Island Trail and US 19.Located in Citrus County projected to undergo a transitional period of extreme growth with over 61,000 vacant parcels paving way for residential and commercial development. Five mile population of 27,761 and a County population of 153,600 with a Median Household income of $47,121 and median age of 61 years of age. Employment segmentation in Citrus County includes 64% White Collar, 22% Blue Collar, 14% Services and low unemployment of 6.2%. Located in the Tax Free State of Florida a growing state just trailing Texas receiving 211,196 residents and a total population of 21,781,128 according to US census. State economist predict Florida population to grow by 5 million residents by 2030. All signs for GROWTH!
Bathrooms: 0.00
Price: $399,000
For more information about this property, please contact Elias Kirallah at 352-726-6668 or buyfloridanow@yahoo.com. You can also text 7254184 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).
See more listings at: http://citruscountycentury21.com
MLS ID: 809933
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