$819,900
$970,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
1 SqFt
SOLD DATE : 01/18/2023
Key Details
Sold Price $819,900
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $819,900
Subdivision Highlands Unrec
MLS Listing ID W7813343
Sold Date 01/18/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 2019
Annual Tax Amount $13
Lot Size 81.000 Acres
Acres 81.0
Property Description
THE PROPERTY HAS A MASTER PLAN (FILE NUMBER: H-97-8). REZONED FROM AR/AG TO C/PDP(GHC), (SF) & (MF) APPROVED ON THE PROPERTY. ANY USE OF THE PROPERTY WOULD REQUIRE A MASTER PLAN REVISION OR A REZONING IF THE INTENT IS FOR A SUBDIVISION-TYPE DEVELOPMENT (AKA A COUPLE OF HOMES). DURING THIS PROCESS, THE PETITIONER COULD INDICATE THE DESIRED AMOUNT OF LOTS AND THEIR SIZES AND LATER SPLIT THE PARCELS BASED ON THAT REZONING. ANYTHING MORE THAN A CLASS D (SINGLE SPLIT) WOULD REQUIRE A SUBDIVISION REVIEW. PROPERTY CAN BE REZONE TO AR/(AGRICULTURAL RESIDENTIAL) IF SOME AG TYPE USES. THE ZONING DISTRICT WOULD ALLOW LOTS NO SMALLER THAN ONE ACRE. CLASS D WOULD ALLOW EACH OF THE 3 LOTS TO BE SPLIT ONCE, THEREBY RESULTING IN A POTENTIAL 6 PARCELS. REZONING IS A 90 DAY, TWO-HEARING PROCESS. 1. PROPERTY WAS APPROVED FOR THE EXISTING ENTITLEMENTS (COMMERCIAL, SINGLE-FAMILY, MULTIFAMILY) IN 1997. ACCORDING TO COUNTY ORDINANCE, MASTER PLANS ARE ONLY VALID FOR 2 YEARS FROM THE DATE OF APPROVAL. THE PARCEL KEEPS THE ENTITLEMENTS; IT WOULD BE REQUIRED TO GO THROUGH A 90 DAY, 2 HEARING MASTER PLAN PROCESS BEFORE PERMITTING. 2. COMMERCIAL PARCELS ALONG CORTEZ WILL BE REQUIRED TO PROVIDE A FRONTAGE ROAD. TYPICALLY MEANS A 125' BUILDING SETBACK AND A 50' RIGHT-OF-WAY WITHIN THAT SETBACKS AREA. 3) THE COMMERCIAL AND A PORTION OF THE MULTIFAMILY AND SINGLE-FAMILY HAVE FLOOD PLAIN. THESE AREAS CAN BE MODIFIED AND USED FOR DRAINAGE WITH THE PROPER PERMITS AND ENGINEERING. FOR DETAIL, I WOULD CONTACT OR ZONING DEPARTMENT AND SPEAK WITH REBECCA GARRATT OR CHRIS LINDBECK. AS FOR FILLING IN THE FLOOD-PRONE AREAS, THE FLOOD BASE ELEVATION ON THESE PROPERTIES IS 105.4. THE LOWEST POINT IN THE FLOOD-PRONE AREA ARE 102 AND 97. WOULD MEAN THOSE AREAS WOULD HAVE TO BE FILLED TO 105.4 PLUS 12 INCH (VERIFY WITH zONING) UNLESS THE AREAS TO FOR DRAINAGE. SINCE THE APPROVAL, THE COUNTY ORDINANCE HAS TO BE MODIFIED, AND THE PROJECT WOULD BE SUBJECT TO ALL NEW REQUIREMENTS INCLUDING, BUT NOT LIMITED TO, OPEN SPACE, NATURAL VEGETATION AREAS, AND NEIGHBORHOOD PARKS(S). WOULD REQUIRE A TRAFFIC ANALYSIS. IN MOST CASES, ANY OFF-SITE TRAFFIC IMPROVEMENT WILL BE THE RESPONSIBILITY OF THE DEVELOPER. THEY WOULD COORDINATE WITH COUNTY ENGINEERING AND FDOT. ALLOWED 12.5 UNITS PER ACRE FOR MULTIFAMILY, MAXIMUM OF TWO STORY., OXLEY RD MUST BE REBUILT TO LOCAL ROAD COUNTY STANDARDS FROM SR 50 TO THE SOUTHERN ACCESS ON OXLEY. PETITIONERS HAVE TO ENTER AN AGREEMENT WITH BROOKSVILLE'S CITY FOR WATER/SEWER FOR THE ENTIRE PROJECT.
R27 422 19 0000 0050 0000, R26 422 19 0000 0350 0000, R34 422 19 0000 0090 0000,R35 422 19 0000 0050 0000.
Location
State FL
County Pasco
Community Highlands Unrec
Zoning AR
Interior
Cooling None
Exterior
Waterfront false
Building
Lot Description Paved, Undeveloped, Wooded
Lot Size Range 50 to less than 100
Structure Type Other
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with SOUTHLAND PROPERTIES GROUP II
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