0 Cortez BlvdBrooksville, FL 34601

Property Details for 0 Cortez Blvd

Lot size

18.48 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 18.48-acre development opportunity in Brooksville, Florida, is ideally situated on Cortez Boulevard, a major thoroughfare currently undergoing widening to six lanes, projected to be completed by January 31, 2025. The property, encompassing four individual parcels (APN: R29 422 19 0000 0380 0011, R29 422 19 0000 0380 0010, R28 422 19 0000 0630 0000, R28 422 19 0000 0630 0010), is zoned C3 and already entitled for a Planned Unit Development (PUD) allowing for the construction of over 300 multifamily units. Detailed documentation supporting this entitlement, including a survey, sample site plan, soil report, and water/sewer map, is readily available. The property boasts excellent access to major roadways, positioned just east of the busy Broad Street (U.S. Hwy 41) and Cortez Boulevard (State Road 50) intersection. Brooksville's strategic location offers proximity to both Tampa (approximately 50 miles north) and Orlando (approximately 65 miles away). While approximately 3.60 acres are identified as wetlands and currently undevelopable, the remaining land presents a significant development potential. Existing infrastructure includes a 12-inch water line on the north property boundary and a 6-inch line to the west, along with a 12-inch sewer force main on the north side of Cortez Boulevard. The property enjoys high traffic counts, with an average annual daily traffic (AADT) of 21,000 on Cortez Boulevard and 32,500 on Broad Street. The seller anticipates a 90-day due diligence period, a 7-month permitting period, and a 30-day closing. The asking price is $4,750,000, translating to $257,035 per acre.

Location Insight

City

Brooksville

County

Hernando

State

Florida

Latitude

28.5396

Longitude

-82.3589

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