$4,995,000

Tremendous opportunity to acquire a 26.06 land tract with great potential for future development and 1031 exchange investment. Sale consists of 2 parcels (Pasco parcel#'s 12-25-21-0000-00800-0000 and 12-25-21-0000-00900-0030) totaling 26.06 acres situated on the path of the proposed US98 reroute into Dade City. Proposed US98 project would create approximately 1,000 feet of road frontage along the new US98 route. Parcels have been annexed in to the Dade City limits. The Dade City planning department has conditionally approved the rezoning of the parcels for a planned unit development. A planned unit development plan has been submitted to Dade City planning with approval pending based on conditions. Conditional approval uses include single family residential and multi family with a maximum of 4 residential units per acre and lot widths ranging from 40' to 60'. City water and sewer utilities are nearby at other recently completed residential developments. Located 1.3 miles to newer shopping plaza that includes big box grocery store, restaurants, and banking. Only 5.2 miles to Lowe's, WalMart Supercenter and less than 30 minute drive to larger shopping malls.