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Outstanding commercial development opportunity along one of Hernando County’s most traveled corridors. This 11. 90-acre parcel features approximately 826 feet of frontage on Cortez Boulevard (State Road 50), with an Average Annual Daily Traffic (AADT) count of 29, 500 vehicles per day. Zoned C1 at the front and AG at the rear, the property is ideally suited for a wide range of commercial applications—retail, fast-casual or quick-service dining, medical, office, or mixed-use development—subject to county approval. A conceptual site plan has been prepared by PROCIVIL 360, providing a strong foundation for development. Water service is conveniently available from WPA Road. As is typical for this market, municipal sewer service is not available; however, septic systems are widely accepted and utilized throughout the area, making this a practical and feasible option for new development. Located just minutes from the Historic City of Brooksville, this site combines modern development potential with small-town charm. Brooksville is known for its tree-lined streets, preserved architecture, and vibrant downtown—hosting seasonal festivals, farmers markets, and a growing local business scene. This blend of historic character and forward-looking growth has made the area increasingly attractive to both residents and commercial developers. The property is strategically positioned between two major transportation arteries—just 5 miles from Interstate 75 and 10 miles from the Suncoast Parkway—offering exceptional regional connectivity. It is also 12 miles from the Brooksville–Tampa Bay Regional Airport and 50 miles from Tampa International Airport. Downtown Tampa is 45 miles away, while Clearwater Beach, St. Petersburg, and Orlando are all within 63 to 70 miles—placing the site within reach of four major metropolitan areas. For national retailers, commercial builders, and investors seeking visibility, flexibility, and long-term upside in a high-growth corridor, this is a rare and compelling opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.229% | 6.110% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,520 | $4,772 | $6,610 |
| Total Monthly Payment | $4,612 | $4,864 | $6,702 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.