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    2490 Broad St Brooksville, FL 34604

    For Sale
    $6,500,000

    Prime 58-acre residential development site in Brooksville, FL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 58.1-acre parcel in Hernando County, Florida, presents a unique opportunity for residential subdivision development. Zoned MPUD, it's ideally situated just south of Brooksville, offering convenient access to US Highway 41 and proximity to the Brooksville Airport. The property is divided into two parcels: a 7.7-acre parcel and a larger 50.4-acre parcel, both primed for development. Preliminary engineering is complete, outlining plans for approximately 206 dwellings. Infrastructure is partially in place, with water and sewer already stubbed to the site. This development benefits from a shared entrance with Sylvan Grove Phase 1, streamlining access and potentially reducing infrastructure costs. The asking price for this expansive tract is $6,500,000, representing a compelling investment in a rapidly growing Florida market. The property's location, zoning, and existing infrastructure make it an attractive proposition for developers seeking to capitalize on the high demand for residential housing in the area. Detailed engineering plans are available upon request. This is a turnkey opportunity to create a thriving residential community in a desirable location. The address is 2490 Broad St, Brooksville, FL 34604.

    Property Features for 2490 Broad St

    General Information

    Property type
    Land
    Lot Size
    2,530,836 SF

    HighLights

    • 206‑unit residential development engineering complete.
    • Shared access with Sylvan Grove Phase 1.
    • Water and sewer utilities available on‑site.
    • Excellent visibility, situated off US Highway 41 opposite Brooksville Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Skin Care Clinic Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4382267
    Latitude
    28.4742379

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    FAQs

    What type of property is this?
    Land - Prime 58-acre residential development site in Brooksville, FL.
    Where is this land located?
    The property is located at 2490 Broad St Brooksville, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 206-unit residential development engineering complete.; Shared access with Sylvan Grove Phase 1.; Water and sewer utilities available on-site.
    (440) 376-1006
    Request Owner's contact information
    2490 Broad St Brooksville, FL 34604
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    Brooksville, FL 34604
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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
    2490 Broad St Brooksville, FL 34604
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