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2021-0012 20 MOL ACRES, ALLOW 310 HOTEL RMS, OR 148 ROOMS FOR THE 55 YRS AND OLDER.
I75 & HIGHWAY 54, BRUCE B DOWNS, $3,000,000.

I75 & FL-54, Wesley Chapel, FL, USA

ACTIVE

$3,000,000.

Property Description

THE PROPERTY CONSISTS OF 20 MOL ACRES, AND APPROXIMATELY 4.65 MOL ACRES ARE UPLANDS. APPROVED FOR MULTI-FAMILY 55 YEARS OLDER AND FOR 148 UNITS WITH THE CONDITIONAL USE APPROVALS IN PLACE.

HOTEL, MINIMUM OF FIVE FLOORS ONE BUILDING WOULD GIVE YOU 310 ROOMS. ACCORDING TO THE COUNTY, THE BUILDING SIZE IS BASED ON 25% OF THE LOT AREA, WHICH IS 202,554 SQ. FT., GIVING YOU UP TO 50K SQ. FT, PROPERTY LOCATED IN AN URBAN SERVICE AREA, ALLOWS; C-2 GENERAL COMMERCIAL DISTRICT ZONED PROPERTIES DO NOT HAVE A MAXIMUM BUILDING HEIGHT. LIMITATIONS ON FLOOR AREA RATIO ON THE DEVELOPMENT PER THE PASCO COUNTY COMP PLAN. THERE IS NO MORATORIUM. THE PROPERTY HAS 3 ACCESS POINTS AND WATER/SEWER AVAILABLE.

PARCEL# 07-26-20-0000-00100-0013, TAXES: $16,000. FLOOD ZONE: A, AE, X.


07-26-20-0000-00100-0013
ZONING INFORMATION: You can only develop based on the prior approval (2018) for age restricted multifamily and affordable housing. You cannot modify the conditional use because the Board of County Commissioners made modifications to the Land Development Code in 2021 that disallow conditional uses for multifamily in the C-2 District unless the projects are associated with affordable housing as defined in Section 420.004, Florida Statues or are vertically integrated mixed use (ground floor commercial, office or other non-residential use). Unless you are proposing these uses. Plus, it is now retroactively to January 6, 2022 in the moratorium area.
This only applies to multifamily. As you are aware, your parcel may be used as office and hotel.

Your current approval would be considered a legal nonconforming use.



Contact Agent

ANNETTE CARTER

352-200-1949

Property Details

C2 COMMERCIAL WITH CONDITIONAL USE 55 YRS AND OLDER

Size

19 MOL ACRES, 4.65 UPLANDS

Property Location

I75 & FL-54, Wesley Chapel, FL, USA