51.9 Acres, Terra Bella

PROFILE:  The Land O’ Lakes submarket is a move up market.

The subject property is part a 220 acre mixed use development community of single family, multi family, retail and office uses.

The builders in the single family development are Homes by West Bay and DR Horton. Prices are from $200,000 to $400,000.

The Florida Medical Clinic, across the street from the property is a 41,000 SF medical office facility offering family medicine, interval medicine, pediatrics, cardiology, dermatology, gastroenterology, hematology, oncology, pain management, orthopedic surgery, pulmonology, sleep disorders, radiology and rheumatology. There are 175 employees working there.   

Discovery Point Day Care is contiguous.

LOCATION:  North side of Hwy 54, 2.6 miles from I-75 (above the I-75 / I-275 split), and 2.6 miles from US 41.

SIZE:   51.9 gross acres and 18.9 net of retention.

ZONING::  PD for 311 units.

PERMITS:  Expire January of 2013 but can be easily extended.

UTILITIES:   At site.

PRICE:  $12,000 per unit. 

DISTANCES:
• 1 mile to Publix
• 2 miles to proposed Simon Outlet Mall
• 2.6 miles to I-75
• 4.5 miles to Target
• 4.8 miles to The Shoppes at Wesley Chapel.
• 5.8 miles to Sunlake High School
• 6 miles to Charles S. Rushe Middle School, A rating
• 6.8 miles to Lake Myrtle Elementary, A rating
• 7.8 miles to Suncoast Expressway
• 20.9 miles to Tampa CBD
• 24.3 miles to Westshore Employment Center

COMMENTS:

• SWFWMD good until January 10, 2013
• Pasco CRDC in place, expiring January 23, 2013
• No fill import
• Engineer for previous developer was:
   Brian Surak 
   phone  – 813.244.5136
   email – bsurak@verizon.net
• Altman’s Altis at Grand Cypress has rents ranging from $1.15 - $1.23 / SF. See on website.