2250 Covington Rd Sebring, FL 33870

Property Details for 2250 Covington Rd

Lot size

15.00 lot acres

Property type

Commercial real estate

Description

This exceptional 15-acre parcel in Sebring, Florida, presents a remarkable opportunity for large-scale residential development. Located at a high-visibility hard corner intersection on Covington Road, this R3-zoned property boasts approved plans for a 275-unit multi-family development. Its prime location offers unparalleled convenience, situated near major retail establishments along the heavily trafficked Highway 27, providing residents with easy access to shopping, dining, and entertainment. The property's strategic positioning ensures high visibility and accessibility, making it an attractive location for potential residents. The site is serviced by readily available city water and a gravity-fed sewer system, simplifying infrastructure development and ensuring efficient waste management. With a total asking price of $2,200,000, this translates to a land value of $126,000 per acre, representing a compelling investment opportunity for developers seeking a high-potential project in a thriving Florida market. The existing approvals significantly reduce development timelines and associated costs, making this a truly exceptional opportunity for significant returns. This 15-acre site in Highlands County, zip code 33870, offers a unique blend of location, zoning, and infrastructure, making it an ideal platform for a successful multi-family development. Don't miss this chance to acquire a prime piece of Florida real estate poised for substantial growth.