106 Ctr St Pierson, FL 32180-2219
This exceptional investment opportunity presents a thriving, established fernery situated on a sprawling 174-acre parcel in Pierson, Florida. Priced at $5,500,000, this turnkey operation boasts a substantial net operating income (NOI) of $600,000, translating to an attractive 10.91% capitalization rate. The property includes purpose-built structures perfectly suited for fern cultivation, processing, and storage, ensuring efficient operations. A dedicated management team is already in place, providing for seamless daily operations, even with an absentee owner. The seller is committed to facilitating a smooth transition for the new owner, offering support as needed. While the exact address is not publicly listed, interested parties are encouraged to inquire for further details. This is a rare chance to acquire a profitable, established business with significant land holdings in a desirable location. The property is offered for sale by owner. The sale includes all existing buildings and equipment necessary for continued operation. This is an ideal opportunity for an investor seeking a high-yield, established business with significant growth potential.
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Pierson Municipal Airport Airstrip
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Pierson Municipal Airport-2J8 Department Of Transportation
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Surety Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.