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    80 State Rd Miami Canal Rd South Bay, FL 33440

    Sponsored
    For Sale
    $499,000

    Agricultural Land, High Traffic Area, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional five-acre agricultural property, located in Palm Beach County, Florida, presents a unique investment opportunity. Currently operating as a profitable sugarcane farm, this land boasts a healthy cash flow and significant development potential. Situated on US 27, a high-traffic area, the property enjoys excellent visibility and accessibility. Its proximity to John Stretch Memorial Park opens doors to a variety of uses, including the establishment of an RV resort, restaurant, or cabins. The property has already undergone petitioning for recreational use, streamlining the process for future development. The existing agricultural operation provides immediate return on investment, while the zoning and location offer considerable long-term growth potential. An adjacent 27-acre parcel is also available for acquisition, providing an opportunity for significant expansion. The property's address is 80 State RD Miami Canal Rd, Unincorporated Palm Beach County, FL 33440. This is a rare chance to acquire a versatile property in a desirable location with immediate income and substantial future upside. The asking price is $499,000.

    Property Features for 80 State Rd Miami Canal Rd

    General Information

    Property type
    Farms

    HighLights

    • Five‑acre agricultural property in Palm Beach County, FL, currently operating as a profitable sugarcane farm.
    • High‑traffic US 27 location offers excellent visibility and accessibility.
    • Proximity to John Stretch Memorial Park allows for diverse development options (RV resort, restaurant, cabins).
    • Pre‑approved for recreational use, simplifying future development.
    • Offers immediate ROI from existing farm operation and significant long‑term growth potential.
    • Adjacent 27‑acre parcel available for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Bay
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.8288371
    Latitude
    26.5075918

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    FAQs

    What type of property is this?
    Farm - Agricultural Land, High Traffic Area, Development Potential
    Where is this farm located?
    The property is located at 80 State Rd Miami Canal Rd South Bay, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Five-acre agricultural property in Palm Beach County, FL, currently operating as a profitable sugarcane farm.; High-traffic US 27 location offers excellent visibility and accessibility.; Proximity to John Stretch Memorial Park allows for diverse development options (RV resort, restaurant, cabins).
    Request Owner's contact information
    80 State Rd Miami Canal Rd South Bay, FL 33440
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    South Bay, 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

    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
    80 State Rd Miami Canal Rd South Bay, FL 33440
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