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    7 Cherokee Ave Fort Meade, FL 33841

    For Sale
    $75,000

    Downtown .26-acre lot, C-2 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.26-acre commercial lot is ideally situated just off Broadway Avenue in the heart of downtown Fort Meade, Florida. Zoned C-2, this property offers a diverse range of permitted uses, including retail, office, restaurant, church, bank, and personal service establishments. Previously occupied by a church, the existing structure has been recently removed, presenting a clean slate for development. This significantly mitigates impact fees for new construction, with the amount prorated based on the size of the new building compared to the previous structure. The lot boasts convenient access to city utilities, including electricity, water, and sewer services provided by the City of Fort Meade. Setback requirements are clearly defined: 20 feet in the front, 25 feet in the rear, and 10 feet on the sides. A maximum building height of 45 feet is permitted. The property's prime location and flexible zoning make it an attractive investment opportunity for a variety of commercial ventures. The asking price for this versatile property is $75,000. The APN is 25-31-27-466500-002030. This is an owner/user opportunity. The address is 7 South Cherokee Avenue, Fort Meade, FL 33841.

    Property Features for 7 Cherokee Ave

    General Information

    Property type
    Land
    Lot Size
    11,326 SF

    HighLights

    • 0.26‑acre commercial lot in downtown Fort Meade, FL.
    • C‑2 zoning allows retail, office, restaurant, church, bank, and personal services.
    • Impact fees mitigated due to recent demolition; amount prorated based on new building size.
    • City of Fort Meade provides electricity, water, and sewer.
    • Setbacks: 20' front, 25' rear, 10' sides; 45' maximum building height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Meade
    County
    Polk
    State
    Florida
    Longitude
    -81.8066428
    Latitude
    27.7513696

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    FAQs

    What type of property is this?
    Land - Downtown .26-acre lot, C-2 zoning
    Where is this land located?
    The property is located at 7 Cherokee Ave Fort Meade, FL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 0.26-acre commercial lot in downtown Fort Meade, FL.; C-2 zoning allows retail, office, restaurant, church, bank, and personal services.; Impact fees mitigated due to recent demolition; amount prorated based on new building size.
    Request Owner's contact information
    7 Cherokee Ave Fort Meade, FL 33841
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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
    7 Cherokee Ave Fort Meade, FL 33841
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