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    Hwy 70 Arcadia, FL 34266

    Sponsored
    For Sale
    $3,300,000

    Prime Florida land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 139-acre property, located in Arcadia, Florida, presents a unique investment opportunity. Situated on Southeast Highway 70, this expansive tract boasts ample road frontage, offering multiple access points for future development. Currently zoned A-5, permitting low-density residential development (one dwelling per five acres), the property also holds potential for rezoning to industrial use, aligning with DeSoto County's comprehensive plan. The seller is open to subdividing a 30-acre portion along Highway 70 at a negotiated price. Conveniently located just 40 minutes from the west coast, this land is perfect for agricultural use, benefiting from low carrying costs due to a greenbelt exemption. Arcadia's growth is evident with existing sewer access on-site and water located within two miles on Highway 70. DeSoto County's ongoing water infrastructure expansion further supports future development. The land itself is primarily upland pasture, featuring large oak trees along the perimeter fencing. Existing infrastructure includes electricity, cattle pens, and a well. Parcel numbers are 03-38-25-0000-0122-0000 & 02-38-25-0000-0140-0000. The asking price is $3,300,000, translating to approximately $23,741 per acre. This property offers a blend of agricultural utility and significant development potential, making it an attractive investment for a variety of uses.

    Property Features for 0 Hwy 70

    General Information

    Property type
    Farms
    Lot Size
    6,054,840 SF

    HighLights

    • $3,300,000 asking price for 139 acres of land.
    • Located in Arcadia, FL, with multiple road frontages on Highway 70 and SE Hansel Ave.
    • Zoned A‑5 (low‑density residential), with potential for industrial rezoning.
    • $23,741 per acre land value.
    • Currently used as a cattle ranch with existing infrastructure including electricity, pens, and well water.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.7900038
    Latitude
    27.2080888

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    FAQs

    What type of property is this?
    Farm - Prime Florida land, ideal for development.
    Where is this farm located?
    The property is located at Hwy 70 Arcadia, FL.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: $3,300,000 asking price for 139 acres of land.; Located in Arcadia, FL, with multiple road frontages on Highway 70 and SE Hansel Ave.; Zoned A-5 (low-density residential), with potential for industrial rezoning.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hwy 70 Arcadia, FL 34266
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