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    OFF-MARKET
    Industrial properties

    2400 Us Hwy 27th N, Avon Park, FL 33825

    1,225 SF 3.78 ac lot Built 1967
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-4870679
    Property summary
    AI-generated overview

    This exceptional 6.26-acre property presents a rare development opportunity in Avon Park, Florida. Situated directly on US Highway 27 and the picturesque Lake Damon, this land boasts over 1,000 square feet of highway and lake frontage, providing unparalleled visibility and access. Conveniently located off N Lake Damon Rd, the property offers a boat ramp for added convenience. The R2 zoning allows for a variety of residential uses, including townhouses and condominiums, as per the City's Unified Land Development Code. The Medium Density Future Land Use designation permits up to 16 dwelling units per acre, with potential for higher density projects, such as a waterfront hotel, subject to code and zoning changes. Preliminary estimates suggest the potential for 96 units in a four-story building, with the possibility of adding a fifth floor. The property's prime location offers easy access to major attractions, including Disney World (approximately one hour away) and Sebring International Raceway (approximately 20 minutes away). Given the high demand for luxury housing in the area, this property represents a significant investment opportunity. Seller financing is available with a 50% down payment. The property is privately owned and located at 2400 US Hwy 27, Avon Park, FL 33825. Additional information is available upon request.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1967
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,225 SF
    Lot 3.78 ac (164,657 SF)
    Zoning code R2
    APN A-09-33-28-A00-0010-0000
    UPID US18-4870679
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lazara Gonzalez Rodriguez · 3 yrs held
    Lazara Gonzalez Rodriguez
    since 2022
    Last sale
    $300,000
    4 recorded transactions
    2022
    $300,000
    2005
    $400,000
    2004
    $80,000
    1969
    Zoning & alternative use
    R2 · Avon Park, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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