12199 Fort King Rd Dade City, FL 33525
This exceptional 7-acre parcel at 12199 Fort King Road, Dade City, FL, presents a prime opportunity for a townhome development. Situated at the corner of Fort King Road and Roberts Road, with convenient access to Clinton Avenue, this property is undergoing rezoning to MF-1 (Multiple-Family Medium Density District), allowing for up to 42 units. The development plan permits buildings with 3-8 units, limited to two stories, and requires driveways of at least 23 feet. Pasco County mandates three distinct architectural features from a specified list. Water will be supplied by Dade City, while sewer extension will be necessary, coinciding with the city's planned expansion of its wastewater treatment plant. The location boasts excellent visibility and proximity to key amenities. It's near the recently improved State Road 52 (Clinton Avenue), less than a mile from the intersection of SR 52 and US Highway 301 (site of a new Publix), and within a mile of AdventHealth Dade City. Numerous national retailers and local businesses are also nearby along US Highway 301. The property's parcel ID is 04-25-21-0000-02900-0000. This is a rare chance to build in a thriving area with strong potential for high returns. The zoning is currently R1, R2, and AR, but is in the process of being changed to MF-1.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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