38451 Morningside Dr Dade City, FL 33525
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 38451 Morningside Dr
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 3,400,000 USD redevelopment opportunity presents a fully entitled site plan for 115 townhomes in Dade City, Florida. Located at 38451 Morningside Dr, 33525, this prime Pasco County land boasts a shovel-ready status, pending only the final construction site permit. The property is conveniently situated just 40 minutes from Tampa's city center and directly across from an established 900-home community, ensuring strong potential for high occupancy rates. All necessary multi-family zoning approvals are in place, including the townhome site plan approval. Utilities such as electricity, sewer, and water are readily accessible nearby. A conceptual drawing is available for review. This is a truly unique opportunity for builders seeking a streamlined path to a substantial multi-family development. The current site plan owner is offering a buyer's credit, further enhancing the investment potential. This Class B commercial investment presents a compelling opportunity for significant returns in a rapidly growing area. The property's location and existing approvals minimize pre-construction hurdles, allowing for a swift transition to the construction phase. Don't miss this chance to acquire a fully permitted and highly desirable townhome development site.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dade City
- County
- Pasco
- State
- Florida
- Longitude
- -82.1761
- Latitude
- 28.3438
