3000 Fl-29 Immokalee, FL 34142
This exceptional 5,633-acre agricultural property in Immokalee, Florida, presents a significant investment opportunity. Located on 3000 FL-29, Collier County, the land boasts diverse soil types, primarily consisting of well-draining Oldsmar and Immokalee Fine Sands, ideal for various agricultural uses. Approximately 47.2% is currently dedicated to row crops, with additional acreage utilized for improved and unimproved pastures, and field crops. The property also includes substantial wetland areas totaling 798.9 acres, encompassing freshwater marshes, ponds, and forested wetlands, offering ecological diversity and conservation potential. Zoning is primarily agricultural and rural mixed-use, with a small portion designated for urban residential subdistrict use. This strategic location within Florida's "Breadbasket" region, combined with its robust water and soil resources, positions this property for continued agricultural success, conservation initiatives, or future development. The asking price is $59,000,000, translating to $10,474 per acre. This expansive landholding offers a rare opportunity to acquire a large-scale agricultural operation in one of Florida's most productive farming regions. The property's size, soil composition, existing land use, and wetland areas contribute to its significant value and potential for long-term growth. The diverse soil types, including 1,290.92 acres of Oldsmar Fine Sand (90% component) and 1,059.56 acres of Immokalee Fine Sand (94% component), ensure suitability for a wide range of agricultural practices. The property's strategic location and zoning flexibility further enhance its appeal to investors seeking a substantial landholding with diverse development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.