Highway 70 Arcadia, FL 34266

Property Details for 0 Highway 70

Lot size

139.00 lot acres

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 139-acre property, located in Arcadia, Florida, presents a unique investment opportunity. Situated on Southeast Highway 70, this expansive tract boasts ample road frontage, offering multiple access points for future development. Currently zoned A-5, permitting low-density residential development (one dwelling per five acres), the property also holds potential for rezoning to industrial use, aligning with DeSoto County's comprehensive plan. The seller is open to subdividing a 30-acre portion along Highway 70 at a negotiated price. Conveniently located just 40 minutes from the west coast, this land is perfect for agricultural use, benefiting from low carrying costs due to a greenbelt exemption. Arcadia's growth is evident with existing sewer access on-site and water located within two miles on Highway 70. DeSoto County's ongoing water infrastructure expansion further supports future development. The land itself is primarily upland pasture, featuring large oak trees along the perimeter fencing. Existing infrastructure includes electricity, cattle pens, and a well. Parcel numbers are 03-38-25-0000-0122-0000 & 02-38-25-0000-0140-0000. The asking price is $3,300,000, translating to approximately $23,741 per acre. This property offers a blend of agricultural utility and significant development potential, making it an attractive investment for a variety of uses.