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516 US-98
Lorida, FL 33857

$330,000 USD

Land For Sale  •  24.17 AC

Property Details

  • Property Type Land
  • Lot Size 24.17 AC
  • Zoning AU
0 Transit Score
0 Walk Score

Description

Over 24 acres of cleared, improved pasture land with small pond, priced to sell, with 1800 feet of frontage on U.S. Highway 98! On the other side of Hwy & Only 1500 feet from upscale Estates of Sebring Lake Istokpoka/ lakefront community, 5 miles from Sebring Regional Airport/Sebring International Raceway, and less than 5 miles east of Apex Sebring Motor Garages & Townhomes. 10 minutes from U.S. 27 and Cowpokes Watering Hole, Publix and other local amenities. Tremendous potential for residential or potential commercial development, or as a retreat/homebase for race teams, groups or individuals! Proforma Upside potential for four 6+-acre Ranchette Homesites subject to approvals of course. 5-6+-acre ranchettes @ $125k ea =$500k minus List Price $330k leaves a potential upside profit of $170K less expenses.

Highlights

Over 24 acres of cleared, improved pasture land with small pond, priced to sell
5-6+-acre ranchettes @ $125k ea =$500k minus List Price $330k leaves a potential upside profit of $170K less expenses.
1800 feet of frontage on U.S. Highway 98
Greg Karlson 863-381-4932 Advantage Realty #1
Greg Karlson 863-381-4932 Advantage Realty #1