Land O Lakes, Florida Commercial Development Property

Property Details

• Location - NEC of SR52 & Canyon Blvd, Land O Lakes, FL

• Going Home Side West Off Suncoast Parkway - US19 Port Richey / Hudson / Bayonet Point

• Approximately 1/4 Mile West of On-Ramp to Suncoast Parkway

• Size - 2 acres

• Zoning - Planned Development, Project Neighborhood Commercial / C-1 Designation 

• Potential Use - C-Store with a maximum of 16 pump stattions

The combination of the property's prime location, zoning, and site features, along with the ongoing infrastructure improvements and growing community, make it an attractive opportunity for retail and or commercial businesses 

Traffic & Infrastructure Enhancements

The SR 52 widening project, a $49.9 million construction endeavor managed by the Florida Department of Transportation (FDOT), is set to significantly enhance traffic flow and safety in the area surrounding the property at 11951 Canyon Blvd. This 3.8-mile project, spanning from the Suncoast Parkway to east of US 41, is expected to be completed by Spring 2024.

Key Improvements

1. Widening SR 52 to a six-lane divided highway 

2. Rebuilding the intersection of SR 52 and US 41 in concrete for better truck starts, stops, and turning movements 

3. Constructing a 12-foot wide multi-use trail along the north side of SR 52 

4. Widening approximately one mile of US 41 approaching the SR 52 intersection in each direction 

Traffic Signal Optimization

The signalized intersection at SR 52 and Canyon Blvd is crucial for managing traffic flow and ensuring safety. Traffic signals offer a balance between cost, space requirements, and handling large volumes of traffic with minimal interruption. Actuated signal control, which relies on data from traffic detection systems like video cameras, radars, or inductive loop sensors, allows the signal to adjust its phasing based on real-time traffic conditions.

Benefits of Signalized Access for Retail Businesses

• Stops east / west traffic in front of the subject site

• Allows for best ingress / egress 

• Specialized detectors communicate directly with certain types of vehicles 

• Coordination with other signals along a corridor

• Adjustable yellow light timing

• Provides sufficient time for drivers to safely stop based on speed limit

A Great Opportunity to Secure a Highly Prized Development Site

The SR 52 widening project and the optimization of the signalized intersection at SR 52 and Canyon Blvd are critical steps in enhancing traffic flow, safety, and mobility in the area. These improvements, coupled with the property's prime location and development potential, make it an attractive opportunity for commercial businesses seeking to capitalize on the region's growth.

Understanding the Dynamics of the Land O Lakes FL Housing Market

Land O Lakes, FL is a thriving community that has become increasingly attractive to home buyers and investors alike. The Land O Lakes FL housing market is experiencing significant growth, driven by factors such as its desirable location, high-quality new housing developments, and strong economic fundamentals.

As more people discover the appeal of living in Land O Lakes, the demand for housing continues to rise, making it an exciting time to explore the opportunities available in this dynamic market. From luxurious single-family homes to modern townhouses and condos, Land O Lakes offers a diverse range of housing options to suit various lifestyles and preferences.

Key Drivers of the Land O Lakes Housing Market

The Land O Lakes housing market has witnessed significant growth over the past decade, driven by several key factors that have made this area an attractive destination for homebuyers and investors. Let's explore the primary drivers behind the thriving Land O Lakes FL housing market:

Rapid Growth and New Construction Development

Land O Lakes has experienced a surge in population growth and new construction development in recent years. With a current population of approximately 31,000 people, the area boasts higher incomes compared to other parts of Pasco County, making it an appealing location for families and retirees seeking a high quality of life.

Diverse Housing Options

The Land O Lakes housing market offers a wide range of housing options to suit various lifestyles and budgets. From luxurious single-family homes to modern townhouses and condos, homebuyers can find properties under $500K as well as high-end homes over $500K. Popular subdivisions in the area include:

1. Angeline

2. Asbel Creek

3. Asbel Estates

4. Bahia Acres

5. Ballantrae Village

6. Bell Harbor

7. Bexley

8. Caliente Club

9. Club Villas Condo

10. Concord Retreat

New Subdivision Price Range

Connerton -$300K - $600K

Covington - $400K - $800K

Del Webb Bexley - $300K - $500K

Devonwood - $200K - $400K

Dupree Lakes - $300K - $600K

Eagle Crest - $200K - $400K

East Lake - $300K - $500K

Edgewater - $400K - $700K

Enclave - $300K - $500K

Enclave At Terra Bella - $300K - $600K

Local Land O Lakes realtors and homebuilders possess extensive knowledge of the area and can provide valuable insights to homebuyers. They can assist in finding the perfect property within popular subdivisions and condo communities, catering to specific preferences and budgets. Homebuyers can easily connect with realtors by emailing them directly from listings to inquire about available homes in their desired neighborhoods.

History and Growth of Pasco County

Pasco County has experienced remarkable growth and development over the years. With a total area of 531,800 acres, the county is divided into approximately 284,500 parcels of land and water. The land use distribution in Pasco County is as follows:

• Agricultural / Open - 50%

• Residential - 20%

• Commercial/Industrial - 3%

• Vacant - 4%

• Wetland - 23%

The county's population has seen a significant increase, with a 639% growth between 1970 and 2020. As of 2020, Pasco County's population stood at 561,891 and is projected to reach between 800,000 and 1 million by 2050. This rapid growth has led to the development of over 30,000 acres of master-planned communities, focusing on creating "Live, Work, and Play" environments.

Building Age Distribution

The age of buildings in Pasco County varies, with older structures concentrated in specific areas:

1. Pre-2000 buildings (50% of total):

   • Along the county's west coast

   • Along US 19

   • West of the Suncoast Parkway

2. Post-2000 buildings (27% of total):

   • Along the southern border of the county in Trinity, Odessa, Land O' Lakes, and Wesley Chapel

   • Along US 41 and I-75

Population Projections

Pasco County's population is expected to continue its rapid growth in the coming years:

• Current population (2020): 561,891

• Projected population (2045): 785,428

• Expected growth (2020-2045): 40% increase, gaining 223,537 residents

This substantial population growth, coupled with the county's strategic land use planning and development initiatives, positions Pasco County as an attractive destination for residents and businesses alike, ensuring a thriving future for the area.

Economic Development and Opportunities

Pasco County has become a hub for economic growth and development, attracting businesses from various industries. The county has identified six target industries for economic development: Advanced Manufacturing, Aerospace, Aviation, and Defense, Life Sciences and Medical Technology, Business and Professional Services, High Technology, and Logistics and Distribution.

The Pasco Ready Sites Program has been a major recruitment tool, assessing, evaluating, and certifying large tracts of land for industrial development. This program has seen success with:

1. The sale of 68 acres for an Amazon Robotic Sortation Center

2. Bauducco Foods purchasing 72 acres for a food manufacturing facility, creating 600 jobs and investing $233 million

Pro-Business Environment

Pasco County offers a pro-business environment with:

• Government leadership in a right-to-work state

• Local incentives and customized incentive packages

• Low operating costs

• No personal state income tax

This attractive business climate has led to significant investments, such as:

• Gary Plastic Packaging Corp. relocating its corporate headquarters and manufacturing facility from New York City to Pasco County, creating over 500 new jobs

• Moffitt Cancer Center beginning development on its 775-acre expansion campus, supporting more than 14,500 jobs and $600 million in total investment

Available Land and Facilities

Evaluated acres for industrial development - More than 2,200 acres available

Speculative space - More than 700,000 square feet available (Class A Office to Class A Industrial Flex)

Location advantages- Easy access to Tampa Bay region, Tampa International Airport, and Port Tampa Bay

The county's strategic location, along with its available land and facilities, make it an attractive destination for businesses looking to expand or relocate.

Natural Beauty and Recreation

Pasco County boasts an abundance of natural beauty and recreational opportunities, making it an attractive destination for outdoor enthusiasts and nature lovers. With nearly half of the county's land area dedicated to recreational spaces, open areas, agricultural uses, or water bodies, residents and visitors have ample opportunities to explore and enjoy the great outdoors.

Diverse Landscapes

Pasco County's diverse landscapes offer something for everyone:

1. Recreational and open spaces

2. Agricultural lands

3. Water bodies - Large Lakes & Access to the Gulf of Mexico

These varied environments provide a wide range of activities and experiences, from hiking and biking to fishing and birdwatching.

Land Use Distribution

• Recreational/Open Space/Agricultural - 50%

• Residential - 20%

• Commercial/Industrial - 3%

• Vacant - 8%

• Wetland - 19%

The county's commitment to preserving its natural resources is evident in the significant portion of land dedicated to recreational and open spaces, as well as the protection of wetlands.

Outdoor Activities

Pasco County's natural beauty provides countless opportunities for outdoor recreation:

1. Hiking and biking trails

2. Fishing in lakes, rivers, and the Gulf of Mexico

3. Birdwatching in wetlands and nature preserves

4. Kayaking and canoeing on the county's waterways

5. Golfing on numerous courses throughout the area

Whether you prefer a leisurely stroll through a park or an adventurous day on the water, Pasco County has something to offer for all ages and interests.

The county's commitment to preserving its natural beauty and providing ample recreational opportunities makes it an attractive place to live, work, and play. With its diverse landscapes and numerous outdoor activities, Pasco County offers a high quality of life for those who value nature and an active lifestyle.

Education and Safety

Land O' Lakes is known for its top-rated schools, making it an attractive choice for families with children. The community is served by the Pasco County School District, which consistently ranks among the best in the state. Residents also enjoy a low crime rate, contributing to a sense of security and peace of mind.