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2400 Us Hwy 27th N Avon Park, FL 33825

OFF-MARKET Industrial properties Google Maps
1,225 SF 3.78 ac lot Built 1967
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2022
Last sale
$300,000
4 recorded transactions
2022
$300,000
2005
$400,000
2004
$80,000
1969
Price N/A

Zoning & alternative use

R2 · Avon Park, FL
Zoning description

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…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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