$5,735,000
$6,500,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
18908 SHETTLE RD Land O Lakes, FL 34637
16.79 Acres Lot
Key Details
Sold Price $5,735,000
Property Type Vacant Land
Sub Type Unimproved
Listing Status Sold
Purchase Type For Sale
Subdivision Highway Lake Estates
MLS Listing ID W7842370
Sold Date 04/25/24
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $15,336
Lot Size 16.790 Acres
Acres 16.79
Lot Dimensions 1170 x 670 x 1025 x 693
Property Description
This flat, two-parcel development site is high and dry, on the east side of US Hwy 41 just south of SR 52, in the center of Central Pasco rapid development. Access to all of the site via Shettle Public road ROW delivers full use of the site for a variety of Retail possibilities fronting US Hwy 41, Medical Office or Multi-Family and/or Self-Storage. Former (expired) Birren MPUD shows retail portion at +/-3 Acres, Medical office at +/- 8 Acres and self-storage at approx. 5.79 Acres, all accessible from Shettle Rd, a public right of way access.
2020 Demographics include a population of over 22,000 with an average income of more than $87,000 within a 5-mile radius. This is poised to increase in the next decade as Lennar acquired 5,100 acres directly west of the subject parcel for future Angeline residential development to allow up to 11,495 homes, 29 million SF of commercial and office uses. Moffitt Cancer Center and Research Institute acquired 775 acres from Lennar for a 1.4 million SF $191 million dollar research facility which will create 14,500 jobs. Within the “Wellness” community of Angeline, a $52.7M, 186,882 SqFt 6-12 grade magnet school on 18.8-acres is slated for completion April 2023. Since Pasco Hernando State College hold 29 Acres on the NWC of SR 52 and US-41, we’re sure to see a partnership with the Angeline STEAM program for a continuing education vo-tech school.
Location
State FL
County Pasco
Community Highway Lake Estates
Zoning MPUD
Exterior
Utilities Available Electrical Nearby, Electricity Available
Building
Lot Description Buildable, Cleared, Paved
Lot Size Range 10 to less than 20
Sewer None
Water None
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with VIP EXECUTIVE REALTY LLC