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4333 Us-98 Lorida, FL 33857

For Sale
$3,021,125

242-acre ranch with development potential near Lake Istokpoga.

Lot size:
241.69 Acres

Property Features for 4333 Us-98

General Information

Lot size
241.69 Acres

Source: ADVANTAGE REALTY 1 Agent Gregory Karlson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

242-Acre Ranch in Lorida, Florida

This 242-acre ranch in Lorida, Florida, features green Bahia pastures that are fenced and cross-fenced, along with watering ponds and a seasonal creek. Currently leased for cattle, the property offers upside potential with multiple unused access road entries, making it easily divisible into smaller ranches. Located minutes from Lake Istokpoga and the Sebring/NASCAR Raceway, the property benefits from growth extending from coastal cities, presenting tremendous upside potential for future development. Proforma metrics include a sod operation potential at $1,500-$2,200 per acre and a watermelon farm lease at $250 per acre. Improving the pasture into Hemarthria grass could raise cattle production to 1 cow per two acres after harvesting sod. Extending the existing northerly roads into the subject property could create 5-10 acre tracts, potentially doubling the investment.
Location Intelligence

Current Use by Public Records

Ranches

Map

City
Lorida
County
Highlands
State
Florida
Longitude
-81.1613
Latitude
27.3725

FAQs

What type of property is this?
Ranch - 242-acre ranch with development potential near Lake Istokpoga.
Where is this ranch located?
The property is located at 4333 Us-98 Lorida, FL.
What is the asking price?
The asking price for this property is $3,021,125.
What are key features of this property?
This property features: - 242+-acre ranch featuring green Bahia pastures, fenced and cross-fenced, perfect for cattle grazing.; - Potential for division into multiple smaller ranches.; - Income potential from sod operation, watermelon farm lease, and improved cattle lease.
More about this property
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