Hernando County Development Land

Candlelight Blvd runs just off US 41/Broad Street Brooksville, FL. Subject property 5.98 acres between 965 and 1071 on Candlelight Blvd.5.98 ± acres of desirable multifamily land located in Brooksville near the US-41 and SR-50 corridor, and between two other apartment sites - Candlelight Apartments and Julep Apartments. Zoning allows for 18 residential units per acre. Located within a well-established area in Brooksville that offers a plethora of amenities, including grocery, banks, retail, and restaurants, all within minutes of the site. The asking price of just $600,000 equates to an average cost per unit of $11,214.95 and per acreage cost of just over $100,000. Monthly apartment rents in the immediate area range from a low of $875 to $1,400. This property does have an easement running through the middle, which is shared with the owner to the east. (see below - additional documentation available). This easement, to date, exists on paper only and has yet to be physically created. The property is minutes away from two major roadways, desirable dining and shopping, including Publix, Wawa, Applebees, Walmart, Lowes, etc.