29 ACRES FOR INFILL DEVELOPMENT IN PASCO COUNTY

PROPERTY FOR SALE

877.518.5263 | SVNsaunders.com | 114 N. Tennessee Ave. Lakeland, FL 33801

3 EXECUTIVE SUMMARY

4 MAPS

6 DEMOGRAPHICS

9 AERIAL VIEWS

13 AERIAL PHOTOS

T A B L E O F C O N T E N T S

2

CONFIDENTIALITY & DISCLAIMER ©2019 SVN | Saunders Ralston Dantzler Real Estate, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.

Steve Toner, MBA, MPA, TRC Senior Advisor

steve.toner@SVN.com 813.391.0302

29 ACRES FOR INFILL DEVELOPMENT IN PASCO COUNTY

E X E C U T I V E S U M M A R Y

This 29 +/- acre mixed use development property is located just off of US 301. The property is located within a strong market and trade area with several big box and national retailers. Nearby facilities include schools, medical facilities, restaurants, and shopping along US 301 just 1,350 +/- FT from the subject property. There is very strong population density within the surrounding area with more than 25,000 people within a 2 mile radius.

This is an excellent opportunity for an infill mixed use development, or a multifamily community development.

Site Address: 37621 Eiland Blvd., Zephyrhills, FL

County: Pasco

PIN (Property Identification Number):

03-26-21-0010-06100-0020,03-26-21-0010-02000-0000,03-26-21-0010-06100-0010,03-26-21-0010-03600-0000,03-26-21-0010-06200-0010,03-26-21-0010-06200-0000,03-26-21-0010-05100-0000,03-26-21-0010-06100-0000,03-26-21-0010-05100-0010

Land Size: 28.97 +/- Acres

Property Use: Mixed Use Development

Utilities: Available - Pasco County

Zoning:Mixed (Agricultural; Agricultural-Residen-tial; Multi-Family; Office/Professional)

Traffic Count: 17,400 cars/day on 54

Asking Price: $4,100,000

3

R E G I O N A L L O C A T I O N Located in the Tampa-St. Petersburg-Clearwater MSA.

ORL ANDO

TAMPA

L AKEL AND

4

N

S

EW

SUBJECT

T A B L E O F C O N T E N T S

5

UPDATE THEN DELE TE

PL ACE MAP INTO FR AME

5

TAMPA

L O C A T I O N M A P

N

S

EW

SUBJECT

Located just west of US 301 in Zephyrhills, FL.

6

1, 2, 3 mile radius5, 10 minute drive time

D E M O G R A P H I C S M A P

N

S

EW

B E N C H M A R K D E M O G R A P H I C S

7

There is strong population density within a 2 mile radius of 25,037 people.

1 Mile 2 Miles 3 Miles 5 Mins 10 Mins Polk FL US

PopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian Age

IncomeMedian Household IncomeAverage Household IncomePer Capita Income

Trends: 2015 - 2020 Annual Growth RatePopulationHouseholdsFamiliesOwner HHsMedian Household Income

1 Mile 2 Miles 3 Miles 5 Mins 10 Mins Pasco MSA FL US

Population 5,789 25,037 41,492 13,621 50,815 536,023 3,160,627 21,239,528 332,417,793Households 2,797 11,643 18,549 6,442 22,921 213,800 1,283,312 8,299,404 125,168,557Families 1,570 6,947 11,413 3,793 14,317 142,068 791,803 5,366,533 82,295,074Average Household Size 2.00 2.11 2.21 2.07 2.19 2.48 2.42 2.51 2.59 Owner Occupied Housing Units

2,140 8,401 13,754 4,593 17,538 155,741 830,532 5,375,035 79,459,278

Renter Occupied Housing Units

657 3,242 4,795 1,848 5,383 58,059 452,780 2,924,369 45,709,279

Median Age 62.5 58.4 56.8 58.0 58.1 46.0 43.0 42.5 38.5

IncomeMedian Household Income $37,954 $39,177 $40,173 $37,957 $41,447 $52,607 $53,970 $54,238 $60,548Average Household Income $51,671 $54,473 $55,586 $54,752 $56,669 $70,839 $77,199 $78,335 $87,398Per Capita Income $25,075 $25,111 $24,962 $25,372 $25,528 $28,320 $31,415 $30,703 $33,028

Trends: 2015 - 2020 Annual Growth RatePopulation 0.97% 1.29% 1.44% 1.48% 1.38% 1.52% 1.33% 1.37% 0.77%Households 0.86% 1.11% 1.22% 1.35% 1.15% 1.34% 1.21% 1.31% 0.75%Families 0.68% 1.02% 1.15% 1.28% 1.07% 1.28% 1.16% 1.26% 0.68%Owner HHs 1.06% 1.53% 1.64% 1.84% 1.51% 1.61% 1.46% 1.60% 0.92%Median Household Income 2.48% 2.44% 2.42% 2.45% 2.54% 2.06% 2.40% 2.37% 2.70%

B E N C H M A R K D E M O G R A P H I C S

8

1 Mile 2 Miles 3 Miles 5 Mins 10 Mins Pasco MSA FL US

Households by Income<$15,000 14.60% 13.90% 13.30% 14.00% 12.60% 10.50% 11.00% 11.10% 10.70%

$15,000 - $24,999 16.10% 15.30% 15.00% 16.50% 14.70% 11.70% 10.50% 10.10% 9.00%

$25,000 - $34,999 15.60% 15.10% 14.50% 15.50% 14.40% 10.40% 10.20% 10.10% 8.90%

$35,000 - $49,999 14.70% 16.00% 16.60% 15.30% 16.20% 14.40% 14.30% 14.40% 12.40%

$50,000 - $74,999 17.70% 20.00% 20.00% 18.10% 20.30% 19.90% 18.40% 18.50% 17.50%

$75,000 - $99,999 10.40% 8.80% 9.00% 9.00% 9.40% 11.90% 12.40% 12.30% 12.60%

$100,000 - $149,999 7.80% 6.80% 7.10% 7.10% 8.00% 13.10% 12.80% 12.80% 15.10%

$150,000 - $199,999 2.50% 2.00% 2.30% 2.00% 2.40% 4.60% 5.10% 5.00% 6.50%

$200,000+ 0.70% 2.10% 2.10% 2.40% 2.00% 3.60% 5.40% 5.70% 7.30%

Population by Age0 - 4 3.10% 3.70% 3.80% 3.80% 3.70% 5.10% 5.20% 5.20% 6.00%

5 - 9 3.20% 3.70% 4.00% 3.80% 3.80% 5.30% 5.30% 5.40% 6.10%

10 - 14 3.00% 3.90% 4.10% 3.80% 4.00% 5.50% 5.50% 5.60% 6.30%

15 - 19 2.80% 3.60% 3.90% 3.50% 3.80% 5.20% 5.50% 5.60% 6.30%

20 - 24 3.10% 3.60% 3.90% 3.60% 3.70% 4.90% 6.00% 6.10% 6.70%

25 - 34 7.30% 8.80% 9.00% 8.70% 8.60% 11.30% 13.00% 13.30% 14.00%

35 - 44 7.10% 8.30% 8.70% 8.40% 8.30% 11.40% 11.90% 11.70% 12.60%

45 - 54 9.00% 9.80% 10.20% 10.00% 9.90% 12.70% 12.80% 12.50% 12.50%

55 - 64 15.60% 14.80% 14.80% 15.00% 15.00% 14.30% 14.00% 13.70% 13.10%

65 - 74 19.90% 18.50% 18.20% 17.90% 19.50% 13.40% 11.60% 11.70% 9.70%

75 - 84 16.40% 14.60% 13.80% 14.20% 14.10% 7.70% 6.40% 6.50% 4.70%

85+ 9.40% 6.70% 5.70% 7.20% 5.50% 3.20% 2.90% 2.80% 2.00%

Race and EthnicityWhite Alone 91.00% 89.30% 88.80% 89.20% 88.50% 84.10% 75.70% 72.70% 69.60%

Black Alone 3.60% 4.10% 4.40% 4.40% 4.70% 6.30% 12.70% 16.50% 12.90%

American Indian Alone 0.20% 0.30% 0.30% 0.20% 0.40% 0.40% 0.40% 0.40% 1.00%

Asian Alone 1.60% 1.50% 1.50% 1.40% 1.40% 2.60% 3.60% 2.90% 5.80%

Pacific Islander Alone 0.00% 0.00% 0.00% 0.00% 0.00% 0.10% 0.10% 0.10% 0.20%

Some Other Race Alone 1.50% 2.50% 2.50% 2.40% 2.60% 3.60% 4.30% 4.50% 7.00%

Two or More Races 2.10% 2.40% 2.50% 2.30% 2.40% 3.10% 3.30% 3.10% 3.50%

Hispanic Origin (Any Race) 9.00% 10.70% 11.00% 11.00% 11.00% 16.30% 20.60% 26.60% 18.60%

5 Miles

8 Miles

9

M A R K E T A R E A M A P

N

S

EW

The market area around the subject includes 2 Publix’s, Walmart, Lowe’s and other big box brands.

SUBJECT

21,000 cars/day

10,700cars/day

3,500cars/day

22 ,000cars/day

9,000cars/day

21,000cars/day

17,400cars/day

14,500cars/day

T R A D E A R E A M A P

10

2 Miles

4 Miles

N

S

EW

SUBJECT

The trade area includes US 301, a major commercial corridor in Zephyrills, FL.

9,000cars/day

10,700cars/day

17,400cars/day

20,100cars/day

22 ,000 cars/day

N E I G H B O R H O O D A E R I A L

11

N

S

EW

SUBJECT

The neighborhood is a combination of residential and commercial uses.

Fort King Road

US 301/G

all Blvd

CR54/Eiland Blvd

Dairy Rd

Daughtery Rd

22 ,000cars/day

11,600 cars/day

11,500cars/day

17,400cars/day

11,600cars/day

12 ,000cars/day

12

S I T E A E R I A LS I T E A E R I A L

Fort King Road

N

S

EW

There are several access points along CR 54 as well as an access point via Fort King Road.

CR54/Eiland Blvd

11,500cars/day

17,400cars/day

13

C O N C E P T U A L S I T E P L A N

N

S

EW

17,400cars/day

NEW ENGLAND

COLONY LAGO

VALLEYDALE

FAIRBANKS

PATT

ERSO

N

PENN

SUNN

IDAL

E

LAGO PARK

CALLIOPE

MARTINDALE

PARK

PA

RK

WETLAND,

FLOODPLAINDRAINAGE,

COMPENSATION

FLOODPLAINDRAINAGE,

COMPENSATION

EILAND BLVD.

FO

RT K

ING

RO

AD

WETLAND

JOB NUMBER SHEETDRAWN BY DATESEC TWP RGE

ABSOLUTEENGINEERING, INC.(813) 221-1516 TEL(813) 344-0100 FAX

1000 N. ASHLEY DRIVE, SUITE 925TAMPA, FLORIDA 33602C.A. NO. 28358 1

EILAND PROPERTYCONCEPTUAL SITE PLAN

ROA 12-2-2019

11,500cars/day

14

SUBJECT

SUBJECT

Well maintained neighboring multifamily developmentNeighboring multifamily development

Agricultural (AC)

T he purpose of the A-C Agricultural District is to preserve the rural and open character of various

lands within the County. These lands are agricultural lands; sites of vital, natural water resource

functions; areas with highly productive, natural plant and animal communities; and areas with valuable

topographic and/or subsurface features, all of which are necessary to sustain and enhance the quality of

life in the County.

Agricultural Residential (AR)

T he purpose of the A-R Agricultural-Residential District is to allow the development

of relatively large tracts of land to accommodate those individuals who desire a

rural or estate-type living environment; to curtail urban development in areas which lack

facilities, until such time as those facilities are available; and to promote conservation of

rural environments through limiting the intensity of development.

Multi-Family Residential (R-4)

T his category is established to identify areas of the city appropriate for higher

density mixed duplex and multi-family residential development. The maximum

density of development shall be 14 dwelling units per gross acre with a maximum of 75%

impervious area.

Office/Professional (OP)

T his category is established to identify areas of the city appropriate for professional

services and related commercial activities, which produce minimal conflict with

a residential environment. The gross floor area of a nonresidential building(s) shall

not exceed 50% of the land area of the site upon which the building(s) is/are erected.

Multi-family residential development in an OP district permitted as a conditional

use shall comply with all requirements of the R-4 district. Additional permitted uses

inlude convenience store (no gas), banks/financial services, full service restaurants,

neighborhood cafe, personal services, laundromat/dry cleaner, pharmacy/drug store,

medical marijuana, tattoo, and indoor pet care.

Z O N I N G

AC

AR

R4

OP

15

N

S

EW

SUBJECT

SUBJECT

SVN | Saunders Ralston Dantzler Real Estate

877.518.5263114 N. Tennesee Ave. Lakeland, FL 33801

SAUNDERSRALSTON DANTZLER

877.518.5263 | SVNsaunders.com | 114 N. Tennessee Ave. Lakeland, FL 33801