$1,828,500

0 Hope Hill Road

BROOKSVILLE FL, 34601

Description

THIS TRACT CONSISTS OF 3 PARCELS TOTALING 74.6 ACRES. HAS BEEN APPROVED FOR 111 LOTS. PROPERTY IS LOCATED ON HOPE HILL RD. OFF HWY 50 (CORTEZ BLVD) , CITY OF BROOKSVILLE. FL. PROPERTY HAS FULL SET OF PLANS FOR DEVELOPMENT, MOST OF THE PREREQUISITES HAVE ALREADY BEEN MET. SELLER PREFERS A CASH AS-IS SALE, HOWEVER, WILL ENTERTAIN A JOINT VENTURE. SHOULD APPROVED PLANS EXPIRE, AND NO CHANGES ARE MADE, THE CITY AGREED TO REINSTATE. ANY CHANGES MADE IN THE DEVELOPMENT WOULD HAVE TO GO BACK IN FRONT OF THE PLANNING DEPT. THE HOPE HILL ENTRANCE WAS DESIGNED AND APPROVED AS AN EMERGENCY ENTRANCE. WOULD NEED TO GO BACK TO CITY COUNCIL FOR A PUBLIC HEARING TO USE AS PRIMARY ENTRANCE. THE PLANS FOR THE DESIGNATED MAIN THROUGH-WAY, GOVERNORS BLVD. (AND EXTENSION) CALLS FOR THE CONSTRUCTING OF 2 OF THE 4 LANES AND EXTEND THE UTILITIES TO SITE. THE CITY HAS AGREED TO PAY AND DEVELOP THE OTHER 2 LANES OF GOVERNORS BLVD. SELLER CAN PROVIDE A SITEWORK PRICE AS PART OF THE CLOSING IF BUYER DESIRE. 53PG INFORMATION PKG IS AVAIL. UPON REQUEST. CLOSE TO ALL AMENITIES, SHOPPING, SCHOOLS, ETC. IN CLOSE PROXIMITY TO I-75 INTERSTATE. CLIFF MANUEL WITH COASTAL ENGINEERING, CONCLUDES THAT HERNANDO COUNTY IS OK WITH 50 LOTS. AND THE CITY OF BROOKSVILLE IS HAPPY WITH ANYTHING THAT WILL STIMULATE GROWTH, MEANING, THEY WOULD SUPPORT 50 LOTS AS WELL. EVEN THOUGH YOU CAN REZONE TO 50, THERE WILL BE MANY CHALLENGES TO DESIGN A 50 LOT WITH 5 SIDE YARD SETBACKS DUE TO THE ELEVATION CHANGES ON THE PROPERTY.

Details

MLS#W7805998
StyleIndustrial
Sub-TypeResale
StatusActive
Year2018
Days On Site366

Features

Story(s)1

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Area Information

StateFL
CountyHernando
CityBROOKSVILLE
Zip Code34601
Area34601 - Brooksville
Listing VS Median (in 34601)
Price:
$1,828,500
low | high
Med:
$129,900
100% of Average
On Site:
366
low | high
Med:
357
100% of Average
Listing Updated: 10/18/2019
MLS Number: W7805998
Listing Provided By:
Annette Carter  of  SOUTHLAND PROPERTIES GROUP INC

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