38650 Cord St, Zephyrhills, FL 33542

This exceptional 1.25-acre commercial property in Zephyrhills, Florida, presents a prime redevelopment opportunity. Located at 38650 Co Rd 54, this parcel comprises two contiguous lots totaling 1.25 acres, zoned C-1 and C-2 General Commercial, offering versatile development potential. The property boasts approximately 331 feet of frontage on County Road 54, a major thoroughfare with an average daily traffic count of 12,500 vehicles in 2023. Improvements to CR-54 are underway, adding a third lane directly in front of the property, further enhancing its visibility and accessibility. The site is conveniently located approximately three-quarters of a mile east of Gall Boulevard/US 301, providing excellent connectivity. One lot features a dilapidated house (built 1957) and the other a mixed-use structure (built 1950) of approximately 1,604 gross square feet, currently occupied by a commercial tenant on a month-to-month lease at $800 per month. The property is connected to Zephyrhills' municipal water system and each lot has a septic tank. The location is adjacent to Faith Baptist Church, with residential properties nearby, and a 4.7-acre neighboring parcel is undergoing permitting for 64 townhomes. This presents a unique chance to capitalize on the area's growth and high traffic volume. The asking price is $329,000. The property is in Flood Zone X. The lease on the existing structure expires August 31, 2023.