965 Candlelight Blvd
Brooksville, FL 34601 Brooksville Area

$600,000 USD

Land For Sale • 5.98 AC

Property Details

Property Type Land
Lot Size 5.98 AC
Zoning PDP-MF-MH

0 Transit Score

38 Walk Score

Description

PLEASE SEE PROPERTY BROCHURE ATTACHED FOR MORE DETAILS.

5.98 ± acres of desirable multifamily land located in Brooksville near the US-41 and SR-50 corridor, and between two other apartment sites - Candlelight Apartments and Julep Apartments. Zoning allows for 18 residential units per acre. Located within a well-established area in Brooksville that offers a plethora of amenities, including grocery, banks, retail, and restaurants, all within minutes of the site.

The asking price of just $600,000 equates to an average cost per unit of $11,214.95 and per acreage cost of  just over $100,000.  Monthly apartment rents in the immediate area range from a low of $875 to $1,400.  

This property does have an easement running through the middle, which is shared with the owner to the east.  (see below - additional documentation available).  This easement, to date, exists on paper only and has yet to be physically created.

The property is minutes away from two major roadways, desirable dining and shopping, including Publix, Wawa, Applebees, Walmart, Lowes, etc.

                
                    Highlights
                
                                5.98 Acres - Residential Vacant at US 41 & Broad Street, Brooksville. Zoned PDP MF-MH, City of Brooksville
                            
                                Offered at $100,334 per acre. Location is between two other apartment sites, with the continuance of multifamily apartments as highest and best use
                            
                                18 units allowable per acre. Easement (see below) and retention to be factored into the unit cost per apartment.   The easement covers approx. 1.5 AC.
                            
                                Survey available. Clean Phase 1 Environmental Report available from July 2022.  
                            
                                Located at US 41 & SR 50 (Broad & Cortez) - 22,500 AADT.   Minutes away from desirable dining and shopping - Publix, Wawa, Applebees, Walmart, Lowes