0 Access Undetermined Alva, FL 33920
This exceptional 85.6-acre property presents a unique investment opportunity in Alva, Florida. Located in Lee County, zip code 33920, this land boasts AG-2 zoning, offering diverse development possibilities. The property comprises two parcels, with APN numbers 32-43-27-00-00001.00A0 and 29-43-27-00-00016.0000. One parcel is approximately 46.45 acres, mostly rectangular, and the other is roughly 39.15 acres, also rectangular. The land is strategically situated between the Alva Scrub Preserve, a significant Lee County conservation area, and The Oaks of Alva, an established residential subdivision featuring large homesites. Permitted uses under the current zoning include residential subdivision, mobile homes, single-family residences, home care facilities, boarding, and private stables. Utilities are available at the site. The asking price is $2,528,781, translating to $0.68 per square foot. The future land use designation is Rural. This property offers significant potential for developers and investors seeking a versatile landholding in a desirable location. The property's size and zoning flexibility make it ideal for a variety of projects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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