Remarks

Offering a prime investment opportunity is a fully operational golf course on 30 acres ready for redevelopment in Central, Florida. Located less than 5 miles from the interstate and other major arterial highways the subject property is easily accessible for commuting workforce for a mixed use residential development and also continuing the current golf course operation which has recently received updates. With a complete overhaul of the clubhouse, including the kitchen, dining room, bathrooms, office, party room, and outdoor patio space, has been undertaken from the interior and exterior components such as drywall, insulation, and studs. Additionally, new HVAC units were installed in May 2023. The primary land-use of PDR allows for single family residential, recreational and some limited commercial/industrial use (with approval of Nursing Homes, Assisted Living Facilities, Veterinarian office/hospitals, grocery store, mini warehouse and boat/RV storage). Current demand suggests the highest and best use of the subject property for Multi Family/Apartments. Desirable zoning with approval by Citrus County would include MDR (Medium Density Residential) allowing up to 8 units per acre with lot coverage percentages of 40% for Single-family detached dwelling, 50% for Single-family attached dwelling, Apartments 60%. ), HDR (High Density Residential allowing up to 20 units per acre with a lot coverage percentage of 55% ). The opportunity has the potential to develop between 144 and 330 units apartments.

Details

MLS#: 833305
Price: $750,000

Style: Hotel Motel
Year Built: 1987

County: Citrus
Subdivision: Point O Woods
Lot Size: 1014x1435
Tax Fee: 4266