SOLD- MLS 311575 - 516 US 98 Highway, Lorida, Florida 33857
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 at $125k ea =$500k minus List Price $330k leaves a potential upside profit of $170K less expenses.
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Research Parcel InformationDirections
From the intersection of U.S. Highway 27 and U.S. Highway 98 south of Sebring, proceed east on US 98 approximately 9.3 miles. Subject property is irregular, essentially triangular parcel on north side of highway, approximately 1500 feet east of Ashton Drive.
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