21371 Palm Beach Blvd Alva, FL 33920
Exceptional 3.54-acre commercial and residential land parcel in Alva, Florida, is available for $750,000. This property boasts approximately 200 feet of frontage on State Road 80 and approximately 257 feet of frontage on Broadway Street. The land is zoned for Alva Commercial Overlay, offering versatile development opportunities. The location benefits from strong residential and commercial growth, surrounded by established communities such as Verandah, Greenbriar, Lehigh Lakes, Wellington Ranch, and River Hall. The property consists of two parcels with APNs 27-43-27-00-00011.0000 and 27-43-27-00-00011.001A, situated in Lee County, Florida, with addresses at 21371 Palm Beach Blvd and 17140 Broadway St., Alva, FL 33920. The future land use designation is Urban Community, suggesting significant potential for various development projects. This prime location and zoning make this an attractive investment opportunity for developers seeking to capitalize on the area's growth trajectory. The property's strategic positioning along a major thoroughfare offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area.
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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Risks
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