For Sale
$1,999,999

1002 Hwy 17-92Davenport, FL 33837

7.2 Acres, High-Visibility Corner Lot

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7.2-acre commercial property in Davenport, Florida, presents a unique investment opportunity. Located at 1002 U.S. Hwy 17-92 N, this prime site boasts a highly desirable C-2 zoning designation, recently approved in 2023, reflecting the city's commitment to commercial growth. The property comprises three parcels and benefits from a significant 400-foot frontage on US Hwy 17-92 and over 600 feet of frontage along the soon-to-be-completed Power Line Road extension, creating a signalized, hard-corner intersection with exceptional visibility. Currently generating nearly $160,000 in annual rental income from five single-family homes and one warehouse, this property offers immediate cash flow while providing ample space for future development. The existing structures and open land provide flexibility for a variety of commercial ventures. This strategic location in Polk County, with its zip code 33837, offers unparalleled access and exposure to a growing market. The asking price is $1,999,999. This is a rare opportunity to acquire a substantial commercial property with immediate income and significant long-term potential in a thriving Florida community.

Highlights

  • $1,999,999 asking price for 7.2 acres of C-2 zoned commercial land.
  • Recently rezoned in 2023 from Residential Medium to Commercial 2 (C-2).
  • Prime location at a signalized hard-corner intersection due to a city-approved Power Line Road Extension.
  • High visibility with approximately 400 feet of frontage on US Hwy 17-92 and over 600 feet along the future Power Line Extension.
  • Currently generates nearly $160,000 in annual rental income from existing structures (5 single-family homes and 1 warehouse).

Property Details for 1002 Hwy 17-92

Property type
Retail properties, Land
Lot Size (sq. ft)
313,632 SF

Location Insight

City
Davenport
County
Polk
State
Florida
Latitude
28.170344323559
Longitude
-81.597088948448
1002 Hwy 17-92, Davenport, Florida

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1002 Hwy 17-92
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