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2868-2870 Joel Blvd Alva, FL 33920

OFF-MARKET Land Google Maps
22.09 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 22.09-acre property in Alva, Florida, presents a unique investment opportunity. Located at the southeast corner of Palm Beach Boulevard (SR-80) and Joel Boulevard, this strategically positioned land boasts a signalized intersection with significant frontage along SR-80, a major thoroughfare with a daily traffic count of 27,000 vehicles. Currently zoned AG-2, the property is ripe for rezoning and development, offering diverse potential uses. Proposed uses include a convenience store/gas station, fast-food restaurant, retail space, a manufactured homes/mobile home park, a religious facility, or self-storage. The asking price is $2,700,000, translating to $122,227.25 per acre. This land offers high visibility and accessibility, making it an attractive prospect for investors seeking a high-traffic location in a growing area. The address is 2868-2870 Joel Boulevard, Alva, FL 33920. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a desirable Lee County location. Don't miss this chance to capitalize on the growth and potential of this prime real estate.

Property profile

Verified
Property type Land
Lot 22.09 ac (962,240 SF)

Cap rate & NOI

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

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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