2337 Arbuckle Creek Rd Sebring, FL 33870
This exceptional 2.68-acre parcel in Sebring, Florida, presents a remarkable redevelopment opportunity. Located on Dinner Lake and zoned R3 Multi-Unit, this vacant land offers stunning waterfront views and direct lake access. Previously approved for a 32-unit townhouse complex (three buildings), this property boasts significant development potential, estimated at approximately 10 units per acre, ideal for high-density residential projects. Situated within Sebring city limits, it benefits from convenient access to city utilities and services. Its prime location near major roadways, schools, shopping centers, and recreational facilities enhances its appeal. Sebring's growing community and steady demand for housing make this a lucrative investment. The existing approved plans streamline the development process, minimizing upfront planning costs. This lakefront property offers a unique blend of natural beauty, strategic location, and high development potential, promising substantial appreciation and strong returns. The asking price is $360,000.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.