Florida Development Site Sells for $3.96M

15081 Cypress Cay Blvd, Lutz, Florida 33559 development site sold for $3.96M on August 11, 2022.

By skyrealm.ai on Aug 13, 2022
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Florida Development Site Sells for $3.96M

A development site in Lutz, Florida has been sold for $3.96M. The property, located at 15081 Cypress Cay Blvd, was sold on August 11, 2022. The sale price represents an unknown price per square foot, as the total square footage of the deal was not provided. The brokers involved in the transaction were not disclosed.

Located in Pasco County, Lutz is a growing community in the Tampa Bay area. The development site is situated in a prime location, with easy access to major highways and close proximity to shopping, dining, and entertainment options.

The buyer and seller in this transaction have not been disclosed. However, it is likely that the buyer is a developer looking to build on the site. The property is zoned for commercial use, which could make it an attractive option for a variety of businesses.

While the sale price of $3.96M may seem high, it is important to consider the potential value of the property. With its prime location and commercial zoning, the development site could be a valuable asset for the right buyer. Additionally, the Tampa Bay area is experiencing significant growth, which could drive up demand for commercial real estate in the coming years.

Overall, the sale of the development site at 15081 Cypress Cay Blvd represents a significant transaction in the Lutz real estate market. While the brokers involved in the deal were not disclosed, it is clear that the buyer and seller saw value in the property. As the Tampa Bay area continues to grow, it will be interesting to see how this development site is utilized in the years to come.