7855 Handcart Rd Wesley Chapel, FL 33545
This exceptional 49-acre parcel, located at 7855 Handcart Rd in Wesley Chapel, Florida (Pasco County, zip code 33545), presents a unique investment opportunity. Currently zoned A with a Future Land Use (FLU) of VMU-2 within the Pasadena Hills Overlay, this land is ideally positioned for rezoning to accommodate a mixed-use development. The property boasts a prime location at a proposed major commercial intersection, offering significant potential for both residential and commercial construction. The maximum residential density in the core area is 10 units per acre, while non-residential development could potentially reach up to 60,000 square feet of commercial space. The site benefits from readily available utilities, with extensions planned beyond the property line in 2024. Strategic location advantages include proximity to the newly opened Overpass Road exit off I-75 (5 miles) and a new Publix at Epperson Ranch (2.5 miles). A proposed Overpass Road extension will bisect the property, creating a lighted intersection with Fairview Heights Rd. The asking price for this remarkable property is $15,000,000. The Pasco County Parcel ID is 31-25-21-0000-00100-0010. This is a rare chance to acquire a large tract of land in a rapidly growing area with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.