300 Sr-70 E, Lake Placid, FL 33852

$1,350,000

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List Price
$1,350,000
Status
ACTIVE
Days on Market
62
Price Change
▲ $1,348,650 1780018345
MLS#
L4962198
Subtype
Land
Lot Size
1,012,770
Acres
23.25
MLS Area Major
Lake Placid

Property Description

Over 23 acres, high and dry, and less than a quarter mile east of the rapidly expanding crossroads of U.S. Highway 27 and State Road 70. With the upcoming expansion and 4-laning of SR 70, the rumored truck stop coming in at the northeast quadrant of the intersection, the nearby winery, industrial park across U.S. 27 to the west and brand-new golf resort a stone's throw to the south, this parcel is directly in the crosshairs of the explosive growth expected at this intersection and environs, with all the sequelae you might expect, and have seen countless times before as growth occurs at similar crossroads and hubs. Property has upside potential for continued nursery operations, U-pick vegetables and berries, a winery/brewery/distillery or eventual retail and/or housing -- all while the influx of traffic, homes and businesses accelerates your capital appreciation if current trends continue. Site already has office, shade houses and related structures, wells, irrigation and all the infrastructure associated with a nursery, much of which could be utilized for other purposes. Other properties are available in the immediate vicinity, some already zoned for RV and mobile home parks, and adjacent properties are potentially available as well. Current zoning is agricultural and would require a change or special exception for some of the potential uses. Seize this opportunity while the seller is still willing to part with this property and its tremendous potential - especially at this price! See video link in virtual tour.

Additional Information

Financing
Cash, Conventional
Community Features
No Deed Restriction
Zoning
AU

Courtesy of ADVANTAGE REALTY 1

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