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.
