38650 County Road 54, Zephyrhills, FL 33542

For sale are two contiguous commercial properties consisting of 0.8 acres zoned C-1 Neighborhood District (38650 CR 54) and 0.46 acres (38716 CR 54) zoned C-2 General Commercial, located in Flood Zone X. 38650 CR 54 has a dilapidated house built in 1957 that is a tear down and has approximately 170’ of frontage on CR-54 and is approximately 201 feet deep. This property consists of parcel #'s 02-26-21-0000-00900-0021 (a 20' wide easement on the west boundary), parcel #02-26-21-0000-01900-0000 and parcel #02-26-21-0000-01900-0010.
38716 CR 54 consists of parcel #'s 02-26-21-0000-01800-0010 and 02-26-21-0000-01800-0000. Note that parcel # 02-26-21-0000-01800-0010 currently shows an incorrect owner due to a typo in the deed and this is in the process of being corrected to show Panther Lakes, LLC. This property is zoned C-2 General Commercial and has 161 feet of frontage on CR-54 and is approximately 126 feet deep. C-2 General Commercial generally includes all uses allowed in C-1. This property has a mixed-use structure built in 1950 that is approximately 1,604 gross square feet. The building is occupied by a commercial tenant until the end of February 2023 with a rent of $600 per month with the tenant responsible for utilities and maintenance/repairs.
The properties are connected to the City of Zephyrhills municipal water system and each property has a septic tank. The combined frontage on CR-54 is approximately 331 feet. CR-54 is currently undergoing improvements to add a third lane directly in front of the property. The property is approximately 3/4 mile east of Gall Boulevard/US 301. CR-54 had an average daily traffic count of 12,000 cars in 2021. The property is located adjacent to Faith Baptist Church, with residential properties to the north, east and south. A 4.7 acre property to the east is currently under contract and rumored to be a planned multi-family development.