14.26 Acres

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 28252434
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 14.26 Acres
Sale Price: $550,000
Unit Price: $38,569 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

14.26 acres zoned for 172 units. Can be Apts or ALF/ILF. Could possibly be rezoned for mobile home park as that is in the master plan zoning. Located at the end of 11th St. just off Hwy 70 in the heart of Arcadia. Have survey and pre-lim lay-out plans. Call for details and sales package. Owner will consider JV or Exchange. Owner will consider financing.

Additional Details

Nearest MSA: Arcadia
County: DeSoto
Taxing Authority: Desoto County
Tax ID/APN: 063825000002200000 & 063825020402200000
Market Type: Medium
Property Located Between: Sarasota and lake Okeechobee
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Legal Description: Long legal
Largest Nearby Street: Hwy 70 and 11th St.
Transportation: Bus, Highway
Highway Access: Hwy 70
Site Description: Flat and in good area for development. Water and sewer available.
Area Description: In heart of Arcadia.
Development Name: APTS OR ALF/ILF
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,476 16,979 19,598
Median Age: 27.37 34.97 35.05
Households: 1,641 5,611 6,491


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