72nd 72Nd Trce Live Oak, FL 32064
This exceptional 9.81-acre parcel presents a remarkable opportunity for high-density residential development in Live Oak, Florida's burgeoning growth corridor. Located on 72nd Trace NE, this property boasts RMF-2 zoning, permitting up to 20 units per acre with a maximum building height of 60 feet. Manufactured homes are not permitted under this zoning designation. The seller will provide convenient access to the property from 72nd Trace NE. Detailed zoning information is available upon request. This prime location offers unparalleled potential for investors seeking to capitalize on Live Oak's expanding residential market. The property's substantial size and favorable zoning regulations create a unique opportunity to construct a significant residential development. The site's address is 72nd Trace NE, Live Oak, FL 32064, with the APN 13-02S-13E-04969-001017. The asking price for this exceptional development land is $1,200,000. Directions: From US-129/I-10, travel south on US-129, then turn left onto 72nd Trace NE, accessing the property via Mel Margo Ave NE. This is a chance to be a part of Live Oak's exciting growth story.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.