Property profile

0 Alco Rd Astor, FL 32102

OFF-MARKET
Land
8.68 ac lot
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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

Location

Alco Rd Astor, FL 32102
Astor metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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