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    OFF-MARKET
    Land

    0 Lunn Rd / Mt Pisgah Rd, Fort Meade, FL 33841

    24 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 24-acre commercial land parcel presents a unique investment opportunity in Fort Meade, Florida. Located near historic downtown, this property is ideally suited for residential development, offering potential for a manufactured home community or single-family subdivision. Currently zoned for low-density residential use, the site boasts convenient access to US Highway 17 (within half a mile) and the Peace River Trail (one mile away). Utility connections are readily available nearby. The property's location in Polk County, with the address at Lunn Road / Mount Pisgah Road, zip code 33841, offers significant advantages for developers. Active annexation and rezoning efforts are underway to bring the land under Fort Meade jurisdiction. This presents a streamlined path to development. The asking price is $1,500,000, translating to $62,500 per acre. An adjacent 26-acre parcel may also be available for acquisition, presenting the possibility of expanding the development scope significantly. This prime location and the potential for substantial growth make this a compelling investment opportunity for discerning developers seeking a foothold in a growing Florida market. The latitude and longitude coordinates are 27.7372148 and -81.793293 respectively.

    Property profile
    Verified
    Property type Land
    Lot 24 ac (1,045,440 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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