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Drexel Rd - Drexel Rd - Permitted 69 Unit - Land O Lakes 6.71 Acres of Commercial Land Offered at $4,793,985 CAD in Land O' Lakes, FL 34638
Investment Highlights
- Just a 12 minute drive to main road bringing you to multiple shopping centers grocery stores and restaurants
- Zoned MFR2, allowing up to 18 units per acre, with Flood Zone X designation.
- Surrounded by new residential and commercial developments in a growing market.
- Fully permitted 6.71-acre site approved for 69 condominium units.
- Located near Lake Patience Road and U.S. Highway 41 for convenient regional access.
- Proposed two-story design incorporates landscaped green spaces for community appeal.
Executive Summary
Positioned near the intersection of Lake Patience Road and U.S. Highway 41, the site provides excellent connectivity to major thoroughfares, retail centers, and schools. The surrounding area is experiencing significant residential and commercial growth, creating strong demand for quality housing. The proposed two-story condominium design emphasizes modern architecture and green space integration, appealing to today’s lifestyle preferences.
This offering represents a rare chance to acquire a ready-to-build multifamily site in a high-growth corridor of Pasco County. With permits in place and infrastructure approvals secured, developers can accelerate timelines and capitalize on the region’s expanding population and robust economic fundamentals.
Property Facts
| Price | $4,793,985 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.71 AC |
| Property Type | Land | ||
| Zoning | MFR2 - multi-family zoning district: MFR2 (18 units per acre); FLOOD ZONE X. | ||
| Price | $4,793,985 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 6.71 AC |
| Zoning | MFR2 - multi-family zoning district: MFR2 (18 units per acre); FLOOD ZONE X. |
1 Lot Available
Lot
| Price | $4,793,985 CAD | Lot Size | 6.71 AC |
| Price Per AC | $714,453.78 CAD |
| Price | $4,793,985 CAD |
| Price Per AC | $714,453.78 CAD |
| Lot Size | 6.71 AC |
Permitted and ready. Welcome to this prime vacant land parcel ready for infill on this 6.7 acre lot, with ZONING: MFR2 (18 units per acre); FLOOD ZONE X.
Description
The property consists of 6.71 acres of vacant land located on Drexel Road in Land O’ Lakes, Florida. It is zoned MFR2 and situated in Flood Zone X. The site is permitted for a 69-unit multifamily development and is near the intersection of Lake Patience Road and U.S. Highway 41. The surrounding area includes residential neighborhoods, retail establishments, and schools. The parcel is accessible via Drexel Road and is within Pasco County.
Presented by
Drexel Rd - Drexel Rd - Permitted 69 Unit - Land O Lakes
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