Fl-56 Zephyrhills, FL 33541
Current Use by Public Records
- Land
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zephyrhills
- County
- Pasco
- State
- Florida
- Longitude
- -82.2302
- Latitude
- 28.1922
