$150,000

Description

Investment and development opportunity in New Port Richey. Offered at $150,000, this approximately 10,000-square-foot R-1MH zoned parcel has been identified by Pasco County as a Small Lot of Record, providing reduced setbacks of approximately 15 feet front and rear and 5 feet on each side, subject to final permitting and County approval. The property currently includes an approximately 400-square-foot residence and a travel trailer. According to information provided by Pasco County Building Construction Services, the existing residence may provide an impact-fee credit toward construction of a new primary residence of up to 1,500 square feet, resulting in no residential impact fees for the new home based on current County guidance. Potential development options include construction of a new single-family residence with an attached or detached Accessory Dwelling Unit (ADU). Pasco County has indicated that an ADU may be constructed concurrently with the primary residence or afterward and must comply with applicable setbacks and development requirements. Current County guidance identifies impact fees of approximately $13,205.01 for an ADU between 500 and 900 square feet**. A duplex may also be considered, subject to obtaining Special Exception approval through Pasco County Planning & Development. With multiple potential development configurations, existing impact-fee credit and Small Lot of Record status, this property offers flexibility for an owner, builder, or investor. Buyer and buyer's agent should independently verify all zoning, permitted uses, setbacks, impact-fee credits, ADU requirements, utilities, development costs, and Special Exception requirements directly with Pasco County.