Bank Owned 600 Unit Apartment Land

"BANK OWNED” Oxford Crossing has an approved PUD with reserved capacity of water and sewer to serve 600 apartment units. It has engineered & approved site plan along with complete building plans.  Included in the purchase price are pre paid water & sewer tie & connection fees as follows; 100% of the TIE fees have been paid $479,619 and 50% of the ERU’s or connection fees were paid $521,640 for a total paid to the City of Wildwood is $1,001,259. Also these fees are locked in at 2005 rates. 2012 rates for the same project would be $600,567 more. This site is unquestionably one of the best deals on the market. When you discount the asking price to reflect the pre paid water & sewer tie & connection fees you are $2,500 a unit. "MAKE OFFER"

The site is well drained soil that has been use for row crop and pasture land, cleared with a few trees on the boarders. It fronts County Road 472 which leads into The Villages (Home to over 100,000 seniors at build out). The site is visible from US Hwy 301 in Oxford Florida.