8604 Handcart Rd Wesley Chapel, FL 33545
Exceptional 35-acre development opportunity in the Village of Pasadena Hills, Wesley Chapel, Florida (APN: 30-25-21-0000-00300-0000). This fully entitled site boasts MPUD zoning, allowing for a density of five units per acre, with a maximum of 175 dwelling units. Building heights may range from one to three stories. The property is conveniently located just east of the northeast intersection of Handcart Road and Wright Lane in Pasco County, Florida (8604 Handcart Rd, Wesley Chapel, FL 33545). The site's zoning designation is Village Mixed Use Type I (VMU-1). The Villages of Pasadena Hills District (VOPH) enjoys a strategic location between State Road 54 and State Road 52, with US Highway 301 to the east and proximity to I-75 to the west. This prime location offers easy access to Downtown Tampa (approximately 35 minutes) and Tampa International Airport (approximately 45 minutes). This presents a rare chance to develop a significant residential community in a rapidly growing area. The property is ideal for developers seeking a high-density residential project with excellent access to major transportation arteries and amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.