2.33 ACRES + INCOME HOME ON CHANCEY ROAD — ZEPHYRHILLS' INDUSTRIAL GROWTH CORRIDOR | $595,000 — SELLER OPEN TO JV PARTNERSHIP Buy it outright — or partner. The Seller will stay in the deal through permit approval and share the risk with you. THE PROPERTY 2.33 acres at 36630 Chancey Rd with an existing 3-bed/2-bath home currently renting for $2200/month ($26,400/year) — carrying costs are covered from day one while entitlements are processed. Strong road width and frontage on Chancey Rd supports commercial access and site-plan approval. Currently zoned AR with a well-supported path to C-1/C-2 commercial, confirmed through consultation with a county permitting consultancy and consistent with the corridor's official industrial designation. COMMERCIAL OR LIGHT INDUSTRIAL — TWO ENTITLEMENT PATHS The Chancey Rd corridor already carries Light Industrial (I-1) future land use designations — neighboring acreage down the road is zoned light industrial today The surrounding corridor holds an established pattern of C-2, C-3, and I-1 zoning, with warehouse/storage uses already built and operating With the City actively preserving this corridor for industrial job creation — and MiTek & Bauducco constructing manufacturing plants on the same road — flex, warehouse, contractor yard, and light-industrial concepts are a realistic entitlement play alongside retail/commercial THE LOCATION — WHY THIS CORRIDOR, WHY NOW MiTek: $77.6M, 480,000 SF plant near Chancey Rd — operations launching 2026 Bauducco Foods: $200M, 400,000 SF campus on Chancey Rd — ~600 jobs Two Rivers: 6,000-acre community with 7,500 homes & K-12 schools rising just south Road expansion feeding this corridor: FDOT's SR 56 extension study, programmed US 301 widening, and the proposed Coats Road connection linking SR 54 & SR 56 $3M+ in county utility investment already in the ground • ~2 miles to US 301 • SR 56 to I-75 • 15 min to Wesley Chapel • CSX rail serves the corridor THE NUMBERS Today at $595K: ~$255K/acre with $26,400/year in-place income — priced below the corridor's entitled-land benchmark (a nearby 13-acre parcel with partial C-2 is asking ~$346K/acre; 7.97 acres of light-industrial land nearby is asking $850K) After rezone (C-1 or light industrial): entitled corridor land has $350K–$500K+/acre potential — land value alone of $800K–$1.1M+ After development: retail, flex, warehouse, storage, or service commercial serving 750+ new jobs and 7,500 new rooftops TWO WAYS TO WIN Straight purchase at $595,000 — take the in-place income, the entitlement upside, and run. Joint venture with the seller — we're ready to contract with a qualified developer and stay in the deal through county permit approval, in exchange for a share in the development. Same risk, same upside, aligned from day one. This is a great corridor, we've done the groundwork with county permitting consultants, and will share the information with the right partner. Contact me for parcel details, rental history, rezoning consultation notes.
38 days
|
205
|
7
|
Zillow last checked:
Listing updated:
Listed by:
Sreekanthred Alla813-543-6178,
SIMP REALTY GROUP LLC904-209-6664
Source: Stellar MLS,MLS#: TB8522687Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Features: Tub with Separate Shower Stall, Walk-In Closet(s)
Level: First
Area: 144 Square Feet
Dimensions: 12x12
Kitchen
Features: Jack & Jill Bathroom
Level: First
Area: 100 Square Feet
Dimensions: 10x10
Living room
Level: First
Area: 300 Square Feet
Dimensions: 12x25
Heating
Central
Cooling
Central Air
Appliances
Included: Dryer, Electric Water Heater, Range, Refrigerator, Washer
Laundry: Inside
Features
Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.