Property Details for 965 Candlelight Blvd

Lot size

5.98 lot acres

Property type

Land

Description

This exceptional 5.98-acre parcel of land presents a compelling investment opportunity in the thriving Brooksville, Florida market. Located at 965 Candlelight Blvd, this property boasts a prime location at the intersection of US 41 and SR 50, a high-traffic corridor with an impressive 22,500 average annual daily traffic count (AADT). The site is zoned for multi-family development, permitting up to 18 residential units per acre, offering significant potential for a substantial multi-family project. Its strategic position places it within minutes of a wide array of amenities, including Publix, Wawa, Applebee's, Walmart, and Lowe's, ensuring convenient access to shopping, dining, and essential services for future residents. The property is situated between two existing apartment complexes, Candlelight Apartments and Julep Apartments, further highlighting its desirability and potential for strong rental income. The asking price of $1,200,000 translates to approximately $200,669 per acre, representing a compelling value proposition for developers seeking to capitalize on the robust Brooksville real estate market. The area's current rental rates range from $800 to $1,519 per month, indicating strong potential for rental income generation. This property is identified by APN numbers R4221928000000160 & R2842219000000160. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with exceptional potential for high returns.

Location Insight

City

Brooksville

County

Hernando

State

Florida

Longitude

-82.4063

Latitude

28.544