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    31170 Cortez Blvd Brooksville, FL 34602

    For Sale
    $6,700,000

    North Tampa Bay development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 38.5-acre commercial land parcel presents a unique investment opportunity in the thriving North Tampa Bay area, specifically located at 31170 Cortez Blvd, Brooksville, FL 34602. Zoned C-2, this property boasts a highly desirable "hard corner" location at a signalized intersection, offering unparalleled visibility and accessibility. Its strategic proximity to Interstate 75 and a major Walmart distribution center ensures significant traffic flow and convenient logistics. The asking price is $6,700,000, translating to a land value of $7 per square foot. The expansive acreage is well-suited for a diverse range of development projects, including multifamily residential, retail, office, and medical facilities. Preliminary analysis suggests potential for approximately $12,500 per multifamily unit. A 12-acre portion of the land is also separately valued at $2,950,000 for retail development. This prime location and flexible zoning make this property an ideal investment for developers seeking high-return opportunities in a rapidly growing market. Hernando County's robust economy and strategic location within the Tampa Bay region further enhance the property's long-term potential. Don't miss this chance to acquire a significant piece of land in a prime location with exceptional development possibilities.

    Property Features for 31170 Cortez Blvd

    General Information

    Property type
    Land
    Lot Size
    1,677,060 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Jericho Road Thrift ... Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.220008900496
    Latitude
    28.523050054438

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    FAQs

    What type of property is this?
    Land - North Tampa Bay development opportunity.
    Where is this land located?
    The property is located at 31170 Cortez Blvd Brooksville, FL.
    What is the asking price?
    The asking price for this property is $6,700,000.
    (813) 204-5312
    Request Owner's contact information
    31170 Cortez Blvd Brooksville, FL 34602
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    Brooksville, FL 34602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31170 Cortez Blvd Brooksville, FL 34602
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