38650 County Road 54 - Commercial Redevelopment Opportunity 1.25 Acres of Commercial Land Offered at $556,972 CAD in Zephyrhills, FL 33542

Prime development opportunity in the growing Zephyrhills area. The property is located in unincorporated Pasco County and consists of 38650 CR 54, which is +/- 0.8 acres and zoned C-1 Neighborhood Commercial District. 38716 CR 54 is +/- 0.46 acres with Pasco Zoning C-2 General Commercial (generally includes all uses allowed in C-1). This property was purchased in December 2024 and the owner had all structures removed to prepare the site for a new retail building. The owner is selling as he found an existing building to establish his new business. The property is approximately ¾ mile east of Gall Boulevard (aka, US 301) and has approximately 331 feet of frontage on CR-54. Duke Energy provides electrical service in the area and the City of Zephyrhills provides water service. A 64-unit townhome development is planned on a property immediately adjoining to the east. Zephyrhills is a city located in Pasco County, approximately 30 miles northeast of Tampa, within the Tampa-St. Petersburg-Clearwater metropolitan area. Known for its pure spring water, bottled and sold under the Zephyrhills brand, the city has a population of about 22,300 as of the latest 2024 estimate. It offers a mix of historic charm, with its downtown area, and modern amenities, such as Zephyr Park and the Sarah Vande Berg Tennis Center, a state-of-the-art facility with clay courts, pickleball, and padel courts that drives local tourism and economic activity. Its proximity to larger urban centers like Tampa and Orlando, accessible via US Route 301, makes it attractive for residents seeking a suburban lifestyle with urban access. Population growth is a key indicator of Zephyrhills’ expansion. The most recent official data from the U.S. Census Bureau, as of July 1, 2024, estimates the population at 22,304. This figure reflects a significant increase from the 2020 census count of 17,194, indicating robust growth over recent years. Between 2022 and 2023, the population grew from 17,575 to 18,471, a 5.1% increase, according to datausa.io. For 2025, projections vary, with florida-demographics.com estimating a population of 24,323, assuming an annual growth rate of 8.2%, and worldpopulationreview.com projecting 23,256, with a 5.38% annual growth rate. The city’s growth is part of a broader trend in Pasco County, projected to reach 680,000 people in 2025, up from 495,000 a decade ago, as reported in recent news articles. This regional growth supports Zephyrhills’ expansion, particularly given its proximity to fast-growing areas like Wildwood, identified as the fastest-growing city in the U.S. by U.S. News & World Report. Zephyrhills is experiencing significant economic growth, fueled by new business arrivals and a business-friendly climate. A notable development is the arrival of Bauducco, a cookie-manufacturing company, which is set to create up to 600 jobs and construct a 425,000-square-foot industrial facility, as reported by Business View Magazine. This is part of a broader trend, with inquiries from manufacturers and planned construction of a 60,000-square-foot Florida National Guard armory, further boosting local economic activity. The Greater East Pasco Chamber of Commerce administers the Zephyrhills Economic Development Coalition (ZEDC), a strategic partnership with the City of Zephyrhills, Main Street Zephyrhills, and Pasco Economic Development Council, aimed at aligning strategies and streamlining resources for growth. Nearby educational institutions, such as Saint Leo University (20 minutes away) and the University of South Florida (30 minutes away), contribute to the economic fabric by providing workforce development and attracting students.