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6941 Simmons Road - The District At Abbott's Square, Zephyrhills, FL

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6941 Simmons Road - The District At Abbott's Square

Zephyrhills, FL 33541 - Pasco County Submarket

(1.3 MB)

Property Type:Land Parcel Size:167.52 Acres
For Sale Price:$12,782,000 Price/Acre:$76,301 Price/SF:$1.75

Proposed Use:MultiFamily, Single Family Development

On-Site Improv:-

Sale Notes:
The District at Abbott's Square is a planned and approved master planned community within the city limits of Zephyrhills. The current plan is approved for 124 single family homes, 44 duplex units, 152 townhome units and 768 multifamily units. There will also be approximately 21,000 square-feet of downtown retail space, ball fields, pools, and club houses which will all be designed around additional active and passive recreation. In exchange for traffic impact fee credits, both Simons Road and Dean Dairy Road will be improved to city standards.
Additionally, in exchange for a waiver of recreational impact fees, the site will be the future location of a city owned Tennis Center to be desiged by the USTA. There will be 14-16 courts and related tennis facilities to accommodate regional and national tournaments.
Zephyrhills has experienced a significant amount growth and development over the past 5-10 years and is a very pro-growth, developer friendly city. The City of Zephyrhills has spent over 18 months working hand-in-hand with the owner to create this Traditional Neighborhood Development. This municipality will be supportive throughout the final design, permitting and construction phases. The doors of City Hall are open to builders and developers.
Owner will consider a JV structure and/or seller financing for qualified buyers.

The property is centrally located in an area considered by the City as it's "town center". Located at the north end of Dean Dairy Road and west of Simons Road between the Silverado community and the Silver Oaks Golf Course, this site is only 12 miles from I-75 and offers close proximity to shopping, schools and medical centers. Distance to Shopping: Walmart - 2.6 miles, Publix - 2.9 miles, Lowes - 2.9 miles. Distance to Schools: West Zephyrhills Elementary - 1.4 miles, Woodland Elementary - 1.5 miles, RB Stewart Middle School - 1.6 miles, Zephyrhills High School - 1.6 miles. Distance to Medical - Florida Medical Clinic - 1.5 miles, Florida Hospital - 2 miles.

- Market Rate $10,000 x 568 units = $5,964,000
- Affordable $12,500 x 200 units = $2,500,000
Townhouses $10,000 x 152 = $1,520,000
Duplexes: $12,000x 44 units = $528,000
Single Lots: $17,500 X 124 lots = $2,170,000
Commercial: $100,000
Total Price: $12,782,000

Eshenbaugh Land Company
Bill A Eshenbaugh
(813) 287-8787 x1

Jack Koehler
(813) 287-8787

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