Property profile

0 Villa City Rd Groveland, FL 34736

OFF-MARKET
Land
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre property in Groveland, Florida (APN 13-22-24-0002-000-08400), is zoned Vacant Institutional and offers significant development potential. Currently priced at $750,000, this fee-simple land boasts over 800 feet of road frontage on Villa City Rd, providing excellent visibility and accessibility. The lot has already been leveled and filled, and public utilities are readily available. Its prime location in a rapidly growing area makes it ideal for a variety of uses, including residential developments such as duplexes or townhomes, catering to the high demand for affordable housing. Alternatively, with a zoning change, the property could be suitable for light industrial, storage facilities, or even a daycare center. The property's versatility and strategic location present a compelling investment opportunity. Prospective buyers are encouraged to conduct their own due diligence and verify all details with the City of Groveland to fully explore the potential uses and value of this exceptional land parcel. This is a rare opportunity to acquire a large, well-situated parcel in a thriving Florida community.

Property profile

Verified
Property type Land
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Villa City Rd Groveland, FL 34736
Groveland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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