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    1339 Hillsborough Ave Arcadia, FL 34266

    For Sale
    $2,200,000

    Prime residential development land in Arcadia, Florida.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 64.25-acre property, located in DeSoto County, Florida, presents a remarkable opportunity for residential development. The land, encompassing two parcels (APN: 01-38-24-0000-0170-0000, 01-38-24-0000-0100-000), is zoned AG and boasts significant frontage on Hillsborough Avenue. With a permitted zoning allowing for 6 residential units per acre, this site is ideally suited for a workforce housing project or an active adult community. The property offers excellent connectivity, with easy access to SR 17 and Hillsborough Road, providing convenient access to various parts of Florida. Its strategic location is further enhanced by its proximity to key transportation arteries: approximately 1.2 miles to SR-70, 2 miles to Downtown Arcadia, 2.9 miles to SR-31, 24 miles to Punta Gorda Airport (PGD), 26 miles to Port Charlotte, 47 miles to Fort Myers, and 53 miles to Sarasota Bradenton International Airport. Water and sewer services are readily available through an agreement with DeSoto County. The asking price for this expansive parcel is $2,200,000. This is a rare opportunity to acquire a large, well-located tract of land with significant development potential in a growing Florida market. The address is 1339 SW Hillsborough Ave, Arcadia, FL 34266.

    Property Features for 1339 Hillsborough Ave

    General Information

    Property type
    Land
    Lot Size
    2,798,730 SF

    HighLights

    • 64.25‑acre DeSoto County, Florida development site, zoned AG, allowing 6 residential units per acre.
    • Excellent location with significant Hillsborough Avenue frontage, providing easy access to SR 17 and Hillsborough Road.
    • Proximity to key transportation arteries: 1.2 miles to SR‑70, 2 miles to Downtown Arcadia, 2.9 miles to SR‑31, 24 miles to Punta Gorda Airport (PGD), 26 miles to Port Charlotte, 47 miles to Fort Myers, and 53 miles to Sarasota Bradenton International Airport.
    • Water and sewer readily available via DeSoto County agreement.
    • Asking price: $2,200,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.860949
    Latitude
    27.200525

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    FAQs

    What type of property is this?
    Land - Prime residential development land in Arcadia, Florida.
    Where is this land located?
    The property is located at 1339 Hillsborough Ave Arcadia, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 64.25-acre DeSoto County, Florida development site, zoned AG, allowing 6 residential units per acre.; Excellent location with significant Hillsborough Avenue frontage, providing easy access to SR 17 and Hillsborough Road.; Proximity to key transportation arteries: 1.2 miles to SR-70, 2 miles to Downtown Arcadia, 2.9 miles to SR-31, 24 miles to Punta Gorda Airport (PGD), 26 miles to Port Charlotte, 47 miles to Fort Myers, and 53 miles to Sarasota Bradenton International Airport.
    (850) 222-3975
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    1339 Hillsborough Ave Arcadia, FL 34266
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    Arcadia, FL 34266
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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
    1339 Hillsborough Ave Arcadia, FL 34266
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