55 Acres in Avon Park, FL - $1,250,000
Avon Park Multifamily Development
This 55 acres is located within the city limits of Avon Park and has a R3FUD zoning with a high density future land use. Although the land is located within the city limits, it still holds a county-designated zoning and future land use, which means the property will need to be assigned a city zoning and future land use for development to occur.
A 2019 housing study performed by Kimley-Horn showed that this property is located in Multi-family opportunity Node #1, representing an area with strong potential to host new multifamily development in Highlands County. Some of the major benefits of this site include the following:
1.) Close proximity to the recently constructed Nucor Mill, one of the largest and highest paying private employers in the south Polk/Highlands County area.
2.) For commuters working in Polk County, this is the northernmost area of Highlands County in which new mul...
2.) For commuters working in Polk County, this is the northernmost area of Highlands County in which new multifamily development is probably.
3.) Convenient access to HWY 27 (Less than 1 mile away).
The R3 zoning supports single-family attached units, duplexes, mobile home parks and multi-family developments. Current approvals allow for up to 350 units (6 du/acre) , but the maximum density that could be applied for under the current land use is 12 du/acre.
This land represents classic infill development and is a great investment opportunity for someone looking to be involved in one of the more turnkey high density land plays in Highlands County.
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