Property Description

2.33 ACRES + INCOME HOME ON CHANCEY ROAD - ZEPHYRHILLS' INDUSTRIAL GROWTH CORRIDOR | $595,000 - SELLER OPEN TO JV PARTNERSHIPBuy it outright - or partner. The Seller will stay in the deal through permit approval and share the risk with you.THE PROPERTY2.33 acres at 36630 Chancey Rd with an existing 3-bed/2-bath home currently renting for $2200/month ($26,400/year) - carrying costs are covered from day one while entitlements are processed. Strong road width and frontage on Chancey Rd supports commercial access and site-plan approval. Currently zoned AR with a well-supported path to C-1/C-2 commercial, confirmed through consultation with a county permitting consultancy and consistent with the corridor's official industrial designation.COMMERCIAL OR LIGHT INDUSTRIAL - TWO ENTITLEMENT PATHSThe Chancey Rd corridor already carries Light Industrial (I-1) future land use designations - neighboring acreage down the road is zoned light industrial todayThe surrounding corridor holds an established pattern of C-2, C-3, and I-1 zoning, with warehouse/storage uses already built and operatingWith the City actively preserving this corridor for industrial job creation - and MiTek & Bauducco constructing manufacturing plants on the same road - flex, warehouse, contractor yard, and light-industrial concepts are a realistic entitlement play alongside retail/commercialTHE LOCATION - WHY THIS CORRIDOR, WHY NOWMiTek: $77.6M, 480,000 SF plant near Chancey Rd - operations launching 2026Bauducco Foods: $200M, 400,000 SF campus on Chancey Rd - ~600 jobsTwo Rivers: 6,000-acre community with 7,500 homes & K-12 schools rising just southRoad expansion feeding this corridor: FDOT's SR 56 extension study, programmed US 301 widening, and the proposed Coats Road connection linking SR 54 & SR 56$3M+ in county utility investment already in the ground ~2 miles to US 301 SR 56 to I-75 15 min to Wesley Chapel CSX rail serves the corridorTHE NUMBERSToday at $595K: ~$255K/acre with $26,400/year in-place income - priced below the corridor's entitled-land benchmark (a nearby 13-acre parcel with partial C-2 is asking ~$346K/acre; 7.97 acres of light-industrial land nearby is asking $850K)After rezone (C-1 or light industrial): entitled corridor land has $350K-$500K+/acre potential - land value alone of $800K-$1.1M+After development: retail, flex, warehouse, storage, or service commercial serving 750+ new jobs and 7,500 new rooftops TWO WAYS TO WINStraight purchase at $595,000 - take the in-place income, the entitlement upside, and run.Joint venture with the seller - we're ready to contract with a qualified developer and stay in the deal through county permit approval, in exchange for a share in the development. Same risk, same upside, aligned from day one. This is a great corridor, we've done the groundwork with county permitting consultants, and will share the information with the right partner.Contact me for parcel details, rental history, rezoning consultation notes.

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