NEW LOW PRICE The subject property is a 40 acre parcel located on SR 52 in Dade City, Pasco County. The 40 acres are approved and permitted for 120 units of single family or 480 units of 3 story multifamily units. The site development is almost complete and has fully engineered City sewer and water connections to its perimeter. The mandated road improvements to SR 52 have been completed and approved. The site is currently an active dirt pit with about 100,000+ yds of fill dirt remaining to be sold or retained for this project. The current market price for this fill is $3.00 per yard. After the removal of the salable dirt, the site will be pad ready for construction, cutting site costs to be bare bone. There are 2 access points to the site, both will support truck traffic.

The site is centrally located on the edge of the City, fronts on SR 52 (a major east/west highway with existing improvement plans approved), I-75 is about 6 miles west, it has public transportation passing by the front door, it is within a mile of the local hospital and 2 other major north/south roads, a quarter of a mile from both a new developing medical building and the future tri-town Social Security Office, and 2 existing City High Schools. It is next to a large County park and a regional Sheriff�s office. St. Leo University, to the west, is 3 miles away and Pasco Hernando Community College to the north is 5 miles away. Lake Jovita, next to St. Leo University has 2 nationally recognized championship golf courses. All apartments in the area are full, creating a definite gap in multifamily market rentable units. This will be a major development area for Dade City.

The price for the completed 40 ac package including salable dirt is $1,500,000.00, or $2,500 multi or $11,100 single family per door. Additional acreage is available. Owner has health issues otherwise he would continue with the development himself.

Tax ID 33-24-21-0000-02600-0000

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