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    47430 State Rd Clewiston, FL 33440

    Sponsored
    For Sale
    $3,000,000

    32 Acres, Income-Producing, Established Business

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 32-acre commercial property in Palm Beach County, Florida, presents a unique investment opportunity. Located just off US 27, approximately 1.5 hours from Miami, this established aloe vera farm boasts a long history of success (over 35 years), supplying major retailers. The property includes a fully operational irrigation system, ensuring consistent productivity. A substantial 2,460 sq ft warehouse provides ample storage space, complemented by a comfortable 824 sq ft, three-bedroom, three-bathroom apartment. Three-phase power (240v/120v) is readily available. The farm currently generates a gross income of $1,500,000 annually, with a gross return of $928,000. Included in the sale are essential equipment such as diesel and electrical pumps, a tractor, and all necessary tools for continued operation. Additional equipment is negotiable. The property's diverse plantings include aloe vera, plantains, sugarcane, and various fruit trees. This is the only aloe vera farm currently operating in Florida, offering a rare and potentially lucrative investment. The asking price is $3,000,000. The property is located at 47430 State Rd #80, Clewiston, FL 33440.

    Property Features for 47430 State Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clewiston
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.8103608
    Latitude
    26.696099

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    FAQs

    What type of property is this?
    Land - 32 Acres, Income-Producing, Established Business
    Where is this land located?
    The property is located at 47430 State Rd Clewiston, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    Request Owner's contact information
    47430 State Rd Clewiston, FL 33440
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    Clewiston, FL 33440
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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

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    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.

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    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
    47430 State Rd Clewiston, FL 33440
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