A Nashville-based hospital system plans to build a healthcare facility on an out parcel at the entrance to Walmart, the discount chain flanked on either side by North Dale Mabry Highway and Land O’ Lakes Boulevard.
Mark Cooney – known as “The Land Shark” – closed a deal to sell an approximately 1.6-acre plot to New Port Richey Hospital Inc., for about $1.6 million, according to a news release from The Land Sharks LLC.
New Port Richey Hospital is a subsidiary of HCA Holdings Inc., which owns the Medical Center of Trinity among its many healthcare facilities. The seller was Hagman Properties Inc., and Canaan Development Corporation.
The site, at 1575 Land O’ Lakes Blvd., in Lutz, is across from a vacant lot where owners of Famous Tate plan to build a new appliance store.
Another outparcel is slated for a Stor-Kwik Self Storage. A restaurant and automobile store also are possible new additions that will be announced soon, the news release says.
More out parcels are available, with the potential for five to six new tenants.
While much of the recent development attention in Pasco County has focused on State Road 54, vacant land along U.S. 41 is stirring renewed interest in the Land O’ Lakes and Lutz areas, Cooney said, in an interview.
Five auto and tire companies have inquired about one of the parcels outside Walmart, he said, adding that one prospective buyer called Walmart a “magnet” for neighborhood development.
“We want the right mix,” Cooney said. “We’re really glad with what we have right there.”
The parcels have been marketed for about two years. One issue giving some developers pause was traffic in and out of the site.
But Cooney said a traffic signal with a new left turn at the North Dale Mabry Highway entrance to the shopping center received the green light from Florida Department of Transportation.
The eastern entrance off U.S. 41 already has a traffic signal.
Published May 11, 2016