2400 Us Hwy 27th N Avon Park, FL 33825
Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
al Uses 2.04.01 Zoning District Summary Tables 2.04.02 Establishment of Zoning Districts 2.04.02.01 R-1AA Low Density Residential 2.04.02.02 R-1A Low Density Residential 2.04.02.03 R-1 Low Density Residential 2.04.02.04…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R2 · Avon Park, FLal Uses 2.04.01 Zoning District Summary Tables 2.04.02 Establishment of Zoning Districts 2.04.02.01 R-1AA Low Density Residential 2.04.02.02 R-1A Low Density Residential 2.04.02.03 R-1 Low Density Residential 2.04.02.04…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for R2 in Avon Park, FL.
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