2400 US-27 South

Avon Park FL 33825

280562 sq. ft.

Land

Currently for sale - view listing

Overview

Take a look at this rare opportunity for a builder/Investor to acquire the only residential development properties in Highlands County that sit on US Highway 27 and Gorgeous Lake Damon in Avon Park Florida. The two connecting properties have over 1,000sqft of Highway and Lake frontage with access off of N Lake Damon Rd with boat ramp access. The properties are zoned R2 and has a Future Land Use designation of Medium Density, Single Family Attached and Duplex. Per Table 2.04.01(A) of the City?s Unified Land Development Code, both Townhouses and Condominiums are permitted uses in the R-2 zoning district. Per the City?s Comprehensive Plan, the Medium Density Residential Future Land Use permits residential development at a maximum of 16 dwelling units per gross acre. Townhouses and condominiums are classified as single-family, attached residential units. Per Table 2.04.01(B) of the City?s Unified Land Development Code, the maximum density allowed for single-family residential development is 6 dwelling units per gross acre. At the current design of 4 floors 96 units were the estimated amount of units to be possible to build and considering a 5 th level can be added with the changes to code and zoning. Also, there may be a possibility to elevate the zoning to higher density project such as a waterfront hotel. Owners willing to owner finance at 50% downpayment. Offering Memorandum with further information upon request. ? Prime Placement on Us Highway 27. ? Gorgeous Water Views on Lake Damon. ? 1 hour from Disney World and Amusements Parks. ? 20 Minutes from Sebring International Raceway. ? Due to Influx of New Residents, Housing Especially Luxury is Highly Sought After. ? Ability to Build up to 5 Floors.