9.86 ac Zoned for 224 Apts w/4 sty Buildings

PROPERTY DESCRIPTION - This 9.86± acre property is zoned PD (Planned Development), is fully entitled and has site plan approval from Pasco County for 224 apartment units within four (4) four-story buildings. The site is ideally suited for apartments, and has approvals for a ‘Left-In, Left-Out’ turn lane and median cut for ingress/egress. Utilities are located proximate to the site with 8” water line across the street and 12” sewer line at the site w/ adjacent lift station.

LOCATION DESCRIPTION- The property is located along Moon Lake Road just North of the intersection of Moon Lake Road and Ridge Road in New Port Richey, FL 34654. The site is within close proximity to a 60,000 sf Publix-anchored shopping center, Pasco-Hernando State College, River Ridge Middle/High School and the recently completed Ridge Road Extension connecting Ridge Road to the Suncoast Parkway to the east where Moffitt Cancer Center’s new 1.4 million square foot campus (named Speros) is under development just 5 miles east at Angeline. The Moffitt project will be a magnet for biotech and life sciences industries, with Phase I construction of a 128,000 square foot corporate business park. The campus is estimated to be completed within 5 years and Pasco County has committed $25 million to support the project. Angeline is a new 6,200 acre master planned development under construction that will contain approximately 7,500 homes at build-out.

PROPERTY SIZE - 9.86 Acres

ZONING - PD (Planned Development), fully entitled and site plan approval for up 224 apartments

PARCEL ID -29-25-17-0000-00400-0020