7587 Penrose Pl Wildwood, FL 34785

Property Details for 7587 Penrose Pl

Lot size

3.53 lot acres

Property type

Land

Description

This exceptional 3.53-acre parcel presents a rare pad-ready opportunity in the thriving Beaumont Village development in Wildwood, Florida. Located within Sumter County, at 7587 Penrose Pl, zip code 34785, this commercially and residentially zoned (CMU) land boasts existing utilities and entitlements, eliminating significant development hurdles. Off-site stormwater management ensures maximum usable acreage. The site plan includes entitlements for a 232-unit multifamily development with 415 parking spaces, though alternative uses are permissible under the CMU zoning. Water and sewer services are provided by the City of Wildwood. This prime location offers unparalleled access to a vibrant commercial corridor featuring major retailers like Publix, Target, Lowe's, and numerous national dining and banking chains. Its proximity to The Market at Trailwinds, a Publix-anchored shopping center, and a planned 60+ bed HCA Healthcare acute care hospital further enhances its appeal. The property's upscale mixed-use setting, including for-sale housing and walkable retail, makes it an ideal location for a variety of high-demand uses, such as multifamily, senior housing, retail, medical, or office developments. This presents a unique chance to capitalize on the explosive growth of this area and fill a market void for larger-format retail and office space.