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Property profile & analytics
OFF-MARKET
Land

229 Co Rd Sanderson, FL 32040

48 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 48-acre commercial land parcel presents a unique investment opportunity in Sanderson, Florida. Strategically located at the northeast quadrant of I-10 and County Road 229, this property boasts approximately 2,600 feet of I-10 frontage and 800 feet of CR-229 frontage. The site is zoned CH (Commercial Highway) and is in excellent condition, ready for immediate development. Preliminary engineering drawings are complete, including conceptual plans for road access, drainage, and retention for the 37 acres of usable uplands. The property's size allows for the construction of approximately 350,000 square feet of improvements. Ideal uses include a truck stop, transportation facility, hotel, motel, RV park, restaurant, and/or convenience store with fast food. The asking price has been significantly reduced to $1,635,000, representing a compelling value at $34,062 per acre. This prime location and development-ready status make this an exceptional opportunity for significant return on investment. Don't miss this chance to acquire a substantial commercial property with high visibility and immense potential.

Property profile
Verified
Property type Land
Lot 48 ac (2,090,880 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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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