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7177 Broad Street , C

Brooksville, FL 34601
  • $594,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: OM651446
$594,000
  • 0
    BEDS
  • 1.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

Very rare opportunity to purchase one of the remaining fee simple retail lots at Lowes Home Improvement located in Brooksville, Florida! Located just off the South East corner of the signalized intersection at US 41/Broad Street (25,000 AADT) and Wiscon Road (9,600 AADT). Fronting US 41 with 173 of HWY frontage at the southerly entrance of the Lowes site. We are offering two parcels of C2 zoned land totaling 3.9 acres (Parcel C ~1.5 Ac, Parcel D ~2.4 Ac) with potential drive way connection to Lowes and adjoining retail. Brooksville, Florida is located in unincorporated Hernando County, a submarket of the Tampa-St. Petersburg MSA. This metropolitan area is the 18th largest in the United States, with a current population of 3,175,275, featuring an annual growth rate of 10.5%, and is expecting to increase up to 61% (1,457,143) by the year 2040. Hernando Countys current population of 200,596 is growing by 1.66% annually and is expected to increase the current population by 30% by 2040 (54,322). Within a 15 min drive of the subject property, a majority of the consumer expenditures in the trade area include: Restaurants/QSR, housing, entertainment/recreation, clothing and medical/physician services. Within a 5 min drive time, 67.7% of the population went to family restaurants/steak houses, 88.3% went to fast food/drive-in restaurants, 74.8% bought automobiles, 69% bought beverages and 32.3% bought cell phones. Subject property is located just 1.5 miles south of State Road 50/Cortez Blvd, which connects to the 589 Toll Road (54.1 miles from Tampa) within 5.5 miles, 11.7 miles from I-75, and 12.8 miles from US 19. Hernando County has a labor force of 75,939 and a low 4.7% unemployment rate, down by 1.4% from the previous year. The immediate retail trade area is home to several large retailers such as Lowes Home Improvement, Walmart Supercenter, Publix, Winn-Dixie, Auto Nation, Harbor Freight Tool, Big Lots, and QSR/Family Reasturant brands. This rare opportunity presents a promising investment! Sale Cap Rate 2021 Tampa-St. Petersburg MSA: Retail 4.9%-5.9% Industrial 4%-5.9% Multi Family 4%-5.9% Office 5%-7%. Access From Brooksville: Tampa Intl Airport, 41 miles Port Tampa Bay, 46 miles Orlando Intl Airport, 82 miles Brooksville - the geographic center of the state A 4-hour drive time radius reaches Miami, eastern Alabama and south-central Georgia Hernando County Distribution Business: Walmart Distribution Center Premio Foods 84 Lumber Delamere Industries Barrette Outdoor Living Accuform Signs Investment Highlights Lowes Home Improvement Outparcel Great Access & Visibility with 173 of frontage on US 41/Broad Street 34,600 Combined AADT on Major Arterial Highway Cross access to the lighter intersections of US 41 (Broad St.) & Wiscon Road 1.5 Acres and 2.4 Acres Both Lots Zoned C2

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© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-02-08T23:44:03.737.
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7177 Broad Street , C Brooksville, FL 34601

  • Price: $594,000
  • Status: Active
  • On Site: 26 Days
  • MLS #: OM651446
0
Beds
0
Baths
0
½ Baths
1.51
Acres
Neighborhood:
Lowes At Brooksville
County:
Hernando
Area:
Brooksville
Property Description
Very rare opportunity to purchase one of the remaining fee simple retail lots at Lowes Home Improvement located in Brooksville, Florida! Located just off the South East corner of the signalized intersection at US 41/Broad Street (25,000 AADT) and Wiscon Road (9,600 AADT). Fronting US 41 with 173 of HWY frontage at the southerly entrance of the Lowes site. We are offering two parcels of C2 zoned land totaling 3.9 acres (Parcel C ~1.5 Ac, Parcel D ~2.4 Ac) with potential drive way connection to Lowes and adjoining retail. Brooksville, Florida is located in unincorporated Hernando County, a submarket of the Tampa-St. Petersburg MSA. This metropolitan area is the 18th largest in the United States, with a current population of 3,175,275, featuring an annual growth rate of 10.5%, and is expecting to increase up to 61% (1,457,143) by the year 2040. Hernando Countys current population of 200,596 is growing by 1.66% annually and is expected to increase the current population by 30% by 2040 (54,322). Within a 15 min drive of the subject property, a majority of the consumer expenditures in the trade area include: Restaurants/QSR, housing, entertainment/recreation, clothing and medical/physician services. Within a 5 min drive time, 67.7% of the population went to family restaurants/steak houses, 88.3% went to fast food/drive-in restaurants, 74.8% bought automobiles, 69% bought beverages and 32.3% bought cell phones. Subject property is located just 1.5 miles south of State Road 50/Cortez Blvd, which connects to the 589 Toll Road (54.1 miles from Tampa) within 5.5 miles, 11.7 miles from I-75, and 12.8 miles from US 19. Hernando County has a labor force of 75,939 and a low 4.7% unemployment rate, down by 1.4% from the previous year. The immediate retail trade area is home to several large retailers such as Lowes Home Improvement, Walmart Supercenter, Publix, Winn-Dixie, Auto Nation, Harbor Freight Tool, Big Lots, and QSR/Family Reasturant brands. This rare opportunity presents a promising investment! Sale Cap Rate 2021 Tampa-St. Petersburg MSA: Retail 4.9%-5.9% Industrial 4%-5.9% Multi Family 4%-5.9% Office 5%-7%. Access From Brooksville: Tampa Intl Airport, 41 miles Port Tampa Bay, 46 miles Orlando Intl Airport, 82 miles Brooksville - the geographic center of the state A 4-hour drive time radius reaches Miami, eastern Alabama and south-central Georgia Hernando County Distribution Business: Walmart Distribution Center Premio Foods 84 Lumber Delamere Industries Barrette Outdoor Living Accuform Signs Investment Highlights Lowes Home Improvement Outparcel Great Access & Visibility with 173 of frontage on US 41/Broad Street 34,600 Combined AADT on Major Arterial Highway Cross access to the lighter intersections of US 41 (Broad St.) & Wiscon Road 1.5 Acres and 2.4 Acres Both Lots Zoned C2
Exterior Features

Covered Spaces 0 Front Footage 174 Lot Size Dimensions 174X261 Open Parking YN No Road Surface Type Paved Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling YN No Heating YN Yes Sewer Public Sewer Water Source Public

Property Features

Flood Zone Code X For Lease Yn No Ownership Fee Simple Special Listing Conditions None Tax Annual Amount 5576 Total Annual Fees 0 Total Monthly Fees 0 Utilities Public Zoning Gnc


Listing information © 2023 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Century 21 J.W.Morton R.E.: 352-726-6668.



© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-02-08T23:44:03.737.
 
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