739 & Florida State Rd Webster, FL 33597
This exceptional 16.5-acre parcel presents a unique investment opportunity in Webster, Florida. Located at the intersection of CR 739 and Florida State Road 50, this property boasts approximately 255 feet of highway frontage on SR 50. Currently zoned A10C, the land is designated as unclassified Parcel S24-013 and sits outside the urban development area with a future land use designation of Agriculture. While the current zoning permits a single dwelling unit due to the parcel size exceeding 10 acres, subdivision for residential purposes is not permitted as it is under 20 acres. The property features mature oak trees, adding to its natural beauty. Importantly, the Florida Department of Transportation is currently widening SR 50 from two to four lanes in this area, a project that will significantly enhance accessibility and safety, increasing the property's value and potential. Access to the property will be via CR 739/784. Priced at $497,000, or approximately $30,121 per acre, this land offers substantial potential for various uses, given its prime location and highway frontage. The seller is open to co-op arrangements.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.