Fl-56 Zephyrhills, FL 33541

Property Details for 0 Fl-56

Property type

Land

Description

This exceptional 30-acre parcel presents a prime development opportunity in the thriving Two Rivers Ranch master-planned community in Zephyrhills, Florida. Located on the south side of SR 56, near the intersection of Morris Bridge Road and US 301, this site is strategically positioned for a high-density residential project. Zoned for a Multi-Family Planned Unit Development (MPUD), the property allows for the construction of up to 570 apartment units, limited to a three-story height. Wetland mitigation is nearing completion (expected mid-2022), and water and sewer services are readily available. The site is not subject to CDD or HOA fees, offering a standalone development opportunity. Architectural control will be required to maintain the high standards of the community, including mature landscaping. A detailed metes and bounds legal description and engineering reports are available upon request. The property's prominent location within Two Rivers Ranch, a 3,400-acre community projected to include over 6,000 residential units, 630,000 square feet of retail space, extensive conservation areas, and ample parkland, ensures strong demand. The site is also situated within a Qualified Opportunity Zone. Comparable recent apartment projects in the area command rents of $2.31 per square foot. The seller may consider subdividing the parcel into two separate sales, but will not offer any right of first refusal on a second parcel. This is a truly exceptional opportunity to develop a high-value apartment community in a rapidly growing area.

Location Insight

City

Zephyrhills

County

Pasco

State

Florida

Longitude

-82.2302

Latitude

28.1922