38451 Morningside DrDade City, FL 33525

Property Details for 38451 Morningside Dr

Property type

Land

Property subtype

Multifamily properties

Description

This exceptional 3,400,000 USD redevelopment opportunity presents a fully entitled site plan for 115 townhomes in Dade City, Florida. Located at 38451 Morningside Dr, 33525, this prime Pasco County land boasts a shovel-ready status, pending only the final construction site permit. The property is conveniently situated just 40 minutes from Tampa's city center and directly across from an established 900-home community, ensuring strong potential for high occupancy rates. All necessary multi-family zoning approvals are in place, including the townhome site plan approval. Utilities such as electricity, sewer, and water are readily accessible nearby. A conceptual drawing is available for review. This is a truly unique opportunity for builders seeking a streamlined path to a substantial multi-family development. The current site plan owner is offering a buyer's credit, further enhancing the investment potential. This Class B commercial investment presents a compelling opportunity for significant returns in a rapidly growing area. The property's location and existing approvals minimize pre-construction hurdles, allowing for a swift transition to the construction phase. Don't miss this chance to acquire a fully permitted and highly desirable townhome development site.

Location Insight

City

Dade City

County

Pasco

State

Florida

Latitude

28.3438

Longitude

-82.1761

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