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1. 25± Acre Development Opportunity | US Hwy 98 Bypass | Dade City, Florida
Positioned in one of the most visible and rapidly improving corridors in Dade City, this 1. 25± acre vacant parcel is located between the two newly constructed roundabouts on the US Hwy 98 Bypass, offering exceptional accessibility and exposure. With direct access to the newly widened Highway 98, the property benefits from increased traffic flow, improved safety, and strong connectivity to downtown Dade City and the surrounding Pasco County growth areas.
The property is zoned ORIO (Office, Research, Institutional, and Office) within the city limits of Dade City, allowing for a wide variety of institutional, educational, medical, and residential-type uses. Permitted uses include dwellings, dormitories, senior living centers, youth clubs, community gardens, adult or child care centers, schools, medical offices, churches, and many additional compatible uses.
Its strategic location along the US Highway 98 Bypass makes this site ideal for organizations or developers seeking high visibility with convenient access in a growing market. The surrounding area continues to see infrastructure investment and population growth, making this parcel well-suited for community-oriented facilities, educational campuses, medical services, or residential support uses.
With 1. 25 acres of usable land, strong frontage, and flexible zoning, this property represents a rare opportunity to develop along one of Dade City's most improved transportation corridors.
Highlights
1. 25± acre vacant parcel
Located between two new roundabouts on the US Hwy 98 Bypass
Direct access to newly widened Hwy 98
Zoned ORIO – Office, Research, Institutional, Office
Allows dwellings, dormitories, senior centers, schools, childcare, medical, churches, and more
High visibility with strong traffic exposure
Within the City of Dade City
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,156 | $2,246 | $2,965 |
| Total Monthly Payment | $2,231 | $2,321 | $3,040 |
* 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.