FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

1

Information provided is believed to be correct but is not warranted.

15 Space Mobile Home & RV Park

1950's Vintage Mobile Home Park

Aerial from Pasco County Property Appraiser Website

The property offered is known locally as the Paradise Mobile Home Park, a 13 lot mobile home and

RV park with two site built apartments, located just south of State Road 54 in the Wesley Chapel

community in unincorporated Pasco County Florida.

Land Area: 77,300 square feet or 1.77 acres, more or less.

Location

The park is located at the west end of Venus Avenue, west of Wire Road and north of County Road

Address: 38400 - 38414 Venus Ave.

Zephyrhills, Florida 33543

Tax ID: 02-26-21-0010-02100-0000

Owner

of Record: First Citizens Bank & Trust

Atlanta, Georgia

Location Map: At right is a map showing

the location of Zephyrhills

in eastern Pasco County.

FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

2

Information provided is believed to be correct but is not warranted.

54 in the city of Zephyrhills, Florida. The park's address is 38400 Venus Avenue, Zephyrhills,

Florida 33542. Founded in 1910, Zephyrhills is a small but growing city in eastern Pasco County.

Pasco County has an estimated 2018 population of 525,924, which represents an average annual

1.6% increase over the 2010 census of 464,697. Pasco County added an average of 7,653 residents

per year over the 2010-2018 period, and its annual growth rate exceeded the State of Florida rate of

1.5%.

Zephyrhills Area Map

Neighborhood Description:

The park site was recently annexed into the City Limits of the city of Zephyrhills in eastern Pasco

County. The boundaries of the neighborhood could be generally described as Handcart & Morris

Bridge Roads to the west, Chancy Road to the east and south and Otis Allen Road/Fairview Heights

Road to the north. Zephyrhills is the second largest city in Pasco County. The population within the

Zephyrhills city limits is estimated at 14,259, while a permanent population is estimated to be

roughly 42,000 residents in the greater Zephyrhills area, which expands to over 85,000 in the winter

months with an influx of seasonal residents, many of whom own mobile homes in the areas

numerous mobile home, RV and trailer parks. The city is located about 35 miles northwest of

Downtown Tampa and nine miles south of Dade City, the County Seat. The neighborhood is about

85% developed and the improved properties are generally adequately maintained. The main traffic

arteries are U.S. Highway 301 (Gall Boulevard) and State Road 54. The arterial roads are typically

lined with commercial improvements, including free-standing retail buildings, service stations, retail

plazas, convenience stores, restaurants, banks, motel facilities, offices and other general commercial

FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

3

Information provided is believed to be correct but is not warranted.

uses. The immediate area around the park has a variety of land uses with some apartments and

commercial office buildings recently developed adjacent to the south of the park, a small citrus

grove, other trailer parks and single family residential adjacent to the east. Just to the west is US 301

- Gall Boulevard which has a preponderance of commercial and retail uses. The neighborhood has a

suburban feel and a large residential population base and is adequately supported by local

commercial facilities and general employment centers.

Zephyrhills is well served by local utilities and governmental services. Recreational and social

amenities, including schools and parks, are also abundant in the area. Existing properties are

generally maintained in average to good condition. After several years of declining commercial real

estate values in the neighborhood and throughout the Tampa Bay area; it appears that values of

most commercial properties in the area have stabilized since 2012.

Local Map

ESRI Map

A Snapshot of Zephyrhills Figures as of 2016

Population 15,010

Area (5-mile radius) 54,000

Season (Fall/Winter) Population 85,000

Median Age 49 years old

Estimated Per Capita Income $17,901

Estimated Home Cost $107,323

Site >*

FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

4

Information provided is believed to be correct but is not warranted.

Dimensions and Shape The site is rectangular. As platted, the property includes 13 spaces and 2 apartments, containing a total area of 77,300 square feet± or 1.77 acres± exclusive of road rights of way.

Ingress/Egress (Access) The property is accessed from Wire Road by turning East onto Venus Avenue, a paved two-lane road. The park itself has an unpaved, circular drive around which the units are laid out.

Topography and Soil The site generally slopes towards the east. No on-site water retention is provided, which is typical for property developed before 1980. An environmental audit was not provided. Based on a visual inspection, there did not appear to be any adverse environmental conditions regarding the soil or subsoil. The property is bordered by pasture to the south and east and has a number of mature trees and appears well suited for redevelopment as a mobile home park or residential subdivision. Utilities

Electric service is provided to the site by Duke Energy. Telephone and internet service is available

from private providers. The units are on a septic system for sewer and water is provided via on-site

well.

Improvements

The property is currently operated as a 15-unit Mobile Home, Apartment and RV park. The park

improvements include a concrete duplex, new well water pump, two new septic drain fields, and

some units have concrete pads. The condition of the underground utilities is unknown.

*

FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

5

Information provided is believed to be correct but is not warranted.

Land Use Plan Designation and Zoning

The park property was annexed into the City of Zephyrhills in July 2012; however the zoning code

for the City has yet to be amended. When the code is amended, the site will be zoned “M-2”, Mobile

Home Park, by the City of Zephyrhills and the most likely future land use designation will be Res-9.

Permitted uses include mobile homes, recreational vehicles, utility structures, parks, recreation

facilities, and public buildings. The maximum allowed density is 8 units per acre. The subject is

improved with 13 trailers and 2 additional apartment units. This is slightly above the current allowed

density. The subject appears to be a legal non-conforming use and has been grandfathered into this

use. This is common for this age property and is not considered adverse to the property’s

marketability. Until the City zoning code is amended, the site will reflect a zoning classification of

“M-2”, by Pasco County.

Real Estate Taxes:

Parcel ID: 02-26-21-0010-02100-0000

2018 Assessed Value: $ 382,057.00

Land value: $ 240,725.00

2018 Taxes: $ 7,887.23 w/o discount

Asking Asking Price: $ 328,000 cash to the Seller at closing.

Exhibits Attached

For additional information or to tour the property, please call today:

Jim Jacob, Deana Cannella,

Jake Jacob, at 813-258-3200

FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

6

Information provided is believed to be correct but is not warranted.

Site Survey - North is to the top

FOR SALE Paradise Mobile Home Park 38400 Venus Ave., Zephyrhills, Florida 33542

JRES ▪ Jacob Real Estate Services, Inc.

607 West Bay Street, Tampa, Florida 33606 ▪ 813.258.3200 ▪ fax 813.254.8168 ▪ jjacob@jres.net

7

Information provided is believed to be correct but is not warranted.

Oblique Aerial Looking North