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965 Candlelight Blvd - Hernando County Development Land 5.98 Acres of Residential Land Offered at $829,500 CAD in Brooksville, FL 34601
INVESTMENT HIGHLIGHTS
- 5.98 Acres - Residential Vacant at US 41 & Broad Street, Brooksville. Zoned PDP MF-MH, City of Brooksville
- 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.
- Located at US 41 & SR 50 (Broad & Cortez) - 22,500 AADT. Minutes away from desirable dining and shopping - Publix, Wawa, Applebees, Walmart, Lowes
- Offered at $100,334 per acre. Location is between two other apartment sites, with the continuance of multifamily apartments as highest and best use
- Survey available. Clean Phase 1 Environmental Report available from July 2022.
EXECUTIVE SUMMARY
Candlelight Blvd runs just off US 41/Broad Street Brooksville, FL. Subject property 5.98 acres between 965 and 1071 on Candlelight Blvd.
PROPERTY FACTS
| Price | $829,500 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.98 AC |
| Property Type | Land | ||
| Zoning | PDP-MF-MH - City of Brooksville - Multifamily | ||
| Price | $829,500 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 5.98 AC |
| Zoning | PDP-MF-MH - City of Brooksville - Multifamily |
1 LOT AVAILABLE
Lot
| Price | $829,500 CAD | Lot Size | 5.98 AC |
| Price Per AC | $138,712.38 CAD |
| Price | $829,500 CAD |
| Price Per AC | $138,712.38 CAD |
| Lot Size | 5.98 AC |
5.98 AC - There is an easement running through the property, shared with the neighbor to the east. We estimate 1.5 AC. Price Per Acre $100,334
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.
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965 Candlelight Blvd - Hernando County Development Land
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