Mlk Boulevard W

Description

Get in on an amazing opportunity near Brooksville, FL: 14.408 acres with 216 residential units via current PDP-R (Planned Development Project - Residential) zoning, plus a recent zoning change and parcel assemblage allowing for multi-family development - all requiring only site plan approval! Parcel number is 00149020. The property has been recently put back on the market after prior buyer was unable to pursue FHFC loan commitments. Don't miss out - take advantage of this great offer now! Use the FL Gray Water Act to potentially increase density up to 25% and capitalize on this investment opportunity. Don't wait any longer - act now! - The ownership of the property is Fee Simple. - The current zoning allows for a PDP-R of up to 216 units. - The planned future use of the land is Mobile Home/Multi-Family Residential. - Utilities are available on-site for the development of the property. - It is located within an Enterprise Zone, allowing special tax benefits and incentives for businesses that locate there. - According to the latest flood map, the risk of flooding in this area is minimal (Zone X). - A survey and zoning information report have been included in the Due Diligence folder above with CA required to open. - Taking advantage of 25% density bonus availability through the State of Florida gray water act can significantly lower development costs and increase profits from this venture. - Both listing agents are principals in the LLC ownership.