13755 115Th St Fellsmere, FL 32948
This exceptional 9.19-acre property in Fellsmere, Florida, presents a unique opportunity for commercial and residential development. Located at 13755 115th Street, this expansive lot (400,316.4 square feet) boasts convenient access via a paved road, eliminating the challenges associated with dirt roads. The property is already equipped with a substantial 1,080 square foot metal building, providing immediate utility and potential for various uses. Further enhancing its appeal, the land is fully fenced with electric fencing, and includes a functioning well and water treatment system, ideal for agricultural or livestock purposes. The existing infrastructure makes this property ready for immediate use, whether for residential construction, agricultural endeavors, or a combination of both. The property's zoning allows for both commercial and residential uses, offering significant flexibility for potential buyers. Note that adjacent land is also available for purchase, presenting an opportunity for expansion. All measurements are approximate. This is a rare opportunity to acquire a well-equipped and strategically located property in Fellsmere, Florida. The asking price is $550,000.
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.