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State Road 54 - Just East of Oakstead Blvd 14.41 Acres of Commercial Land Offered at $399,000 in Land O' Lakes, FL 34638

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INVESTMENT HIGHLIGHTS

  • Zoned C-2, which allows most uses in C-1
  • 57,000 cars per day with 267 feet of uplands frontage on SR 54
  • 1.54 acres of uplands in Flood Zone X
  • Perfect for a small store, service business, professional or medical office

EXECUTIVE SUMMARY

Motivated seller. Located along SR 54 in the growing area of Lutz, Florida. It has 267 feet of uplands frontage on SR 54, making it visible from one of Pasco County’s busiest roads. The land includes 1.54 acres of usable high ground and 12.87 acres of wetlands, combining space for building with natural areas. Wetlands surround three sides, and SR 54 runs along the south side, offering a good spot for a new development project.
Situated in central Lutz, this property has easy access to major roads, which is convenient for future businesses. It’s within 20 minutes of I-75 and the Suncoast Expressway, and just a few minutes from US 41. Over 57,000 vehicles pass by daily, and the average household income within a five-minute drive is more than $120,022, making it a strong location for success.
The property is zoned C-2. Unless otherwise provided in this Code, this allows all permitted and special exception uses in the C-1 Neighborhood Commercial District. Examples of uses allowed: retail sales, restaurants, service establishments, professional offices, medical clinics, automotive sales & parts, contractors offices, small stores, garage/mechanical services, kennels; lawn mowers, rental, sales, and service; plant nurseries, sod sales, pain management clinics (conditional) and many more.
Development is surging nearby, with new apartments being built within minutes. This includes a 234-unit multi-family apartment complex under construction to the east, as well as Bainbridge at SunLake and Parkview at Long Lake Ranch to the west. Mattamy Homes is currently finishing construction on 350+ single family homes and town houses. Numerous restaurants, banks, health care facilities, professional services, and shopping are located within five minutes to the west, including a Publix Shopping Center. A new multi-tenant industrial park has also been built just west of the Publix.

PROPERTY FACTS

Price $399,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Auto Dealership
  • Bank
  • Fast Food
  • Garden Center
  • General Freestanding
  • Hold For Development
  • Medical
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
  • Strip Center
  • Veterinarian or Kennel
Total Lot Size 14.41 AC
Zoning C2 - https://library.municode.com/fl/pasco_county/codes/land_development_code?nodeId=CH500ZOST_S526GECODI_526.2PEUS ^Pasco County C-2 Zoning ^

1 LOT AVAILABLE

Lot

Price $399,000
Price Per AC $27,689.10
Lot Size 14.41 AC

Located along SR 54 in the growing area of Lutz, Florida. It has 267 feet of uplands frontage on SR 54, making it visible from one of Pasco County’s busiest roads. The land includes 1.54 acres of usable high ground and 12.87 acres of wetlands.

DESCRIPTION

Located along SR 54 in the growing area of Lutz, Florida. It has 267 feet of uplands frontage on SR 54, making it visible from one of Pasco County’s busiest roads. The land includes 1.54 acres of usable high ground and 12.87 acres of wetlands, combining space for building with natural areas. Wetlands surround three sides, and SR 54 runs along the south side, offering a good spot for a new development project. Wetlands have been officially surveyed by SWFWMD. Situated in central Lutz, this property has easy access to major roads, which is convenient for future businesses. It’s within 20 minutes of I-75 and the Suncoast Expressway, and just a few minutes from US 41. Over 57,000 vehicles pass by daily, and the average household income within a five-minute drive is more than $120,022, making it a strong location for success. The property is zoned C-2. Unless otherwise provided in this Code, this allows all permitted and special exception uses in the C-1 Neighborhood Commercial District. Examples of uses allowed: retail sales, restaurants, service establishments, professional offices, medical clinics, automotive sales & parts, contractors offices, small stores, garage/mechanical services, kennels; lawn mowers, rental, sales, and service; plant nurseries, sod sales, pain management clinics (conditional) and many more. Development is surging nearby, with new apartments being built within minutes. This includes a 234-unit multi-family apartment complex under construction to the east, as well as Bainbridge at SunLake and Parkview at Long Lake Ranch to the west. Mattamy Homes is currently finishing construction on 350+ single family homes and town houses. Numerous restaurants, banks, health care facilities, professional services, and shopping are located within five minutes to the west, including a Publix Shopping Center. A new multi-tenant industrial park has also been built just west of the Publix.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 27-26-18-0000-00100-0000
  • 27-26-18-0000-00100-0030
Land Assessment
$4,766
Improvements Assessment
$0
Total Assessment
$4,766
  • Listing ID: 35124610

  • Date on Market: 3/13/2025

  • Last Updated:

  • Address: State Road 54, Land O' Lakes, FL 34638

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