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Residential Land For Sale

Picture of Residential Land For Sale in New Port Richey, Florida, United States

$397,500

5124 Southtowne Loop
New Port Richey, Florida, United States

Listed By: Realtyww Info

Listed On: 06/13/2023

Listing ID: GL10117253 View More Details

Description

THIS IS A RARE and AMAZING INVESTMENT and DEVELOPMENT OPPORTUNITY IN THE CITY OF NEW PORT RICHEY!! Welcome to a TRULY UNIQUE OPPORTUNITY to buy a total of 17 vacant lots (see MLS #W7845661 and W7845719) as a BUNDLE DEAL located off Main St, New Port Richey, FL for a combined list price of $450, 500. The total size of all the lots combined is 72, 739 sqft which is about 1.67 acres. Each lot is 82' long and varies in width with a median of 55'. Lots 7 and 8 are combined into 1 parcel and legal description. Possible development ideas: townhomes, condos, villas, duplexes, triplexes or quadplexes. One idea, for example, side by side raised single story villas with the entire base as a SUPERB large garage would be EXTRAORDINARY! There are also potential COMMERCIAL REAL ESTATE POSSIBILITIES like marina storage, new restaurant or office building. POSSIBILITIES ARE ENDLESS! The U-shaped private street of Southtowne Loop is paved on one side and not paved on the other side. New FUTURE homes here will face either East or West, depending on which side of the street they are located, so residents can watch the SUNSET PAINT THE SKY IN VIBRANT COLORS each evening. Mobile homes once stood on these lots. As the owner acquired the lots over the years, he demolished the mobiles and opened up the view. Most of the cleared lots are improved with concrete pads that served as driveways and patios/lanais. There is a SOLID masonry wall along the back perimeter of lots 3, 4, and 5. Along the back perimeter of lots 19, 21 and 22, you'll find a horizontal wood fence and a SERENE view of the woods. The mobiles were serviced by private septic, City of New Port Richey for water and Duke Energy for electric. As these lots have had homes and utilities set up in past, it should be a breeze to hook up to public utilities, including city sewer as the connection is present along Main Street. Another MASSIVE BONUS: SURVEYS ARE AVAILABLE FOR ALL OF THE LOTS!! Credits for impact fees should be on file with the county. Of course, the buyer is encouraged to verify with Pasco County, City of New Port Richey and other professionals regarding building codes, zoning and whatever else is deemed necessary in order to make an informed decision. Hop on your GOLF CART and CRUISE to downtown New Port Richey featuring FANTASTIC restaurants, taverns, festivals, shopping and professional offices. Sims Park is PHENOMENAL for everyone with a playground, splash pad, walking paths along the river and an outdoor amphitheater. The public boat launch is just a few short minutes away where you can take your boat directly to the Gulf of Mexico or enjoy kayaking down the river. Robert K. Rees Beach Park is less than 2 miles away! LIVELY New Port Richey is THRIVING and NOW IS THE TIME TO THINK ABOUT DEVELOPMENT as property values continue to RISE! MAKE THIS YOUR FUTURE HOME!

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Listed by: Future Home Realty
Source: The World Property Journal

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