38736 County Road 54Zephyrhills, FL 33542Sale Price: $550,000

PRIME LOCATION, fronting CR 54 with excellent Development potential. Zephyrhills City Limits is just across Hwy. 54. This property is located approx. a standard city Block west of the 20th Street intersection where there's a Citgo/'Handy' gas station, 'Dollar General' and Winn-Dixie anchored shopping center with 2-restaurants & retail shops. Next to the shopping center are mini-storage units. To the west of the subject property less than 1/4 mile is ZHS and shopping near the intersection of 12th St. (Wire Rd.). The subject property is also located less than ¾ mile to the intersection of Gall Blvd. (U.S. Hwy 301) and about 1 mile to AdVent Health Hospital (Dairy Rd). Development potential includes Multi-family and/or Commercial (Annexation & rezoning highly possible to R-4 & MU (Mix-Use). This 4.7 Ac. (mol) site has 330 feet fronting CR 54, and a depth of approx. 615 ft. back to Calumet Ave. which is paved leading to 20th St. The property is County Zoned AR with a Future Land Use of RES-9 (9-dwellings per acre). According to the City of Zephyrhills the property is serviced by a 2” water line on the S. side CR 54. There's a 8” line on the N. side CR 54. CR 54 right-of-way is approx. 100 ft. wide. According to the Pasco County Property Appraiser's map there's also public r/w on the east side of the Subject property, commencing at Calumet Ave., extending north to a point approx. half way to CR 54 (300 ft). The subject property is mostly cleared, level, high elevation (more than 80 ft above sea level) and is situated in FEMA Code 'X' not requiring flood insurance. Property Improvements include a 3-bedroom 1-bath Residence constructed of wood frame with siding having approx. 1,389 sq. ft. of main living area and 1,779 sq. ft. under metal roof. The property is also improved with a large 40 ft.X42 ft. +-concrete block Workshop/Garage containing approx. 1,600 sq. ft. with a concrete slab floor, divided into 2 areas by a concrete block. The building has 3-overhead garage doors, 1-restroom, office area, storage room and 1 work bay with an overhead door on both the front and rear. This building was previously used as a business for many years. The county has 4-addresses associated with the property and according to Pasco County's historic aerial photos the property previously had many rental mobile home sites. The neighborhood consist of commercial properties fronting CR-54 and N., E. & S. of the Subject are higher density residential sites (some 50 ft. wide lots). Two properties located to the west of 16 Street next to the subject property also on the South side SR 54 are already zoned Commercial.