2400 Us Hwy 27th N, Avon Park, FL 33825
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R2 · Avon Park, FLAvon Park. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.