For Sale
$2,600,000

4974 Co RdWildwood, FL 34785

5.5-Acre Multifamily Land Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 5.5-acre development site, known as The Casablanca at Wildwood, presents a prime investment opportunity in the rapidly growing Wildwood, Florida area. Located at 4974 Co Rd 134, Wildwood, FL 34785 (APN: D32-093, D32-090), this fully entitled and permitted property is zoned R-3, offering significant potential for multifamily development. The site is approved for a 54-unit multifamily project, with approved plans and permits available until December 11, 2024. The land is priced at $2,600,000, representing a value of $472,727 per acre. This turnkey opportunity allows a developer to seamlessly transition from permitting to construction, minimizing delays and maximizing profitability. The strategic location within Sumter County ensures access to key infrastructure and amenities, contributing to the property's high potential for strong rental income and appreciation. This is a rare chance to acquire a fully entitled multifamily development site in a thriving market, offering a compelling return on investment for discerning buyers. Detailed information, including sale and lease comparables, is available upon request. Don't miss this chance to capitalize on Wildwood's burgeoning real estate market.

Property Details for 4974 Co Rd

Property type
Land
Lot Size (sq. ft)
239,580 SF

Location Insight

City
Wildwood
County
Sumter
State
Florida
Latitude
28.8731993
Longitude
-82.0211937
4974 Co Rd, Wildwood, Florida

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4974 Co Rd
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