Property Description

This is a one-of-a-kind development opportunity in the Town of Inglis. 36.2, multi-zoned acres offer unparalleled development options. Roughly 23 acres of this site are zoned R-2, which will allow for a maximum density of up to 5 units per acre, or ~115 residential units. This can be a mix of single-family, two-family, and multi-family residences. ~15 acres of this ~23 acres are in the X flood zone. Flood zone X doesn't require any additional building or elevation restrictions. Every dollar counts in todays development world, and being outside of the flood zone is a big deal. There are 2 commercially zoned areas on the site, as well, and both locations are zoned C-1, or Neighborhood Commercial. Neighborhood Commercial(C1) is described as general commercial and retail uses oriented toward neighborhood needs. Some of the allowable uses noted within the Land Development Code include, but are not limited to, retail, restaurants, personal services, professional offices, civic/community, and technology. Commercial area 1 is ~.85 acres and fronts Highway 19/98 on the easternmost portion of the site, and Cason Blvd to the North. Based on measurements taken from the mapping tool on the Levy County site(not a survey, and not confirmed), there is ~270' of frontage along Hwy 19/98. C-1 commercial designation allows for a total impervious surface ratio of 25%. The entire area of this first commercially zoned area is located in Flood zone X. The second commercially zoned area 2 is located along Follow That Dream Parkway, and is ~4.75 acres, or ~196,000 square feet. This area is also zoned C-1 and would allow 25% impervious surface area to include the vertical and horizontal improvements. This second area is located within Flood Zone A, and improvements within this area would be subject to building and elevation restrictions. A unique feature of this site that needs to be discussed is the fact that there is a small strip of land bisecting the property from the east and west, which is zoned Utility. This area is ~5-6 acres and will allow for no vertical improvements to be placed upon it. It will, however, allow for easier access in, out, and around the site, as well as some supporting infrastructure towards the projects(electrical substations, centralized water and wastewater treatment facilities, communication towers, and logistical storage or parking). As you can see from this brief description, a lot is going on with this site, and to the right buyers, an unimaginable amount of development opportunity. City utilities are available, and town policy mandates connection to these systems. This will allow for higher densities of both residential and commercial improvements. All measurements described in this listing are approximate and should not be solely relied upon. This description was written by a human who has taken the time to research and understand the property and its potential. All information should be confirmed by calling the Town of Inglis Zoning and Permitting Department.

Property Features