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    OFF-MARKET
    Land

    0 Alco Rd, Astor, FL 32102

    8.68 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8.68-acre commercial land parcel presents a unique investment opportunity in Astor, Florida. Located outside the FEMA floodplain, this high and dry property boasts dual road frontage on SR 40 and Alco Rd, offering versatile access and development potential. Zoned CP for planned commercial use, it's ideally suited for a strip mall development, aligning perfectly with the established commercial corridor extending 300 feet on either side of SR 40. The property comprises two parcels, providing flexibility in design and development. The asking price is $649,000, translating to $74,770 per acre. Conveniently situated in Lake County, Florida, with a 32102 zip code, this location offers easy access to essential utilities, with sewer and water readily available nearby. This prime commercial land presents a compelling opportunity for investors seeking high-growth potential in a strategic location. The L-shaped configuration of the land allows for creative site planning and multiple access points. Don't miss this chance to acquire a well-positioned, high-value commercial property in a thriving area.

    Property profile
    Verified
    Property type Land
    Lot 8.68 ac (378,101 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
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    Comparable Approach Comparable
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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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