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2250 Covington Rd

15 Acres of Residential Land Offered at $2,200,000 in Sebring, FL 33870

Investment Highlights

  • High Traffic
  • Water and Sewer
  • Hard Corner

Executive Summary

15+- Acres. Large Development Site approved for 275 units. on hard corner intersection for Multi-Family . Utilities available city water and gravity fed sewer. Located within 1/2 to major big box stores on North/South Highway 27 within minutes.
Prime location for Multi-Family apartment complex. On a hard corner, close to all major national tenants. The subject is located within the city of Sebring, Highlands County, Florida. Property is located only two miles from major big box retail stores and national franchises. The city of Sebring encompasses 9.98 land square
miles. The subject is classified as being within the Sebring multi-family market area. It has the following boundaries.
• Western Border: US Route 27
• Eastern Border: Scenic Highway & State Road 17
• Northern Border: Panther Parkway & Lake Sebring
• Southern Border: Sebring Parkway & Lake Jackson
ACCESS AND TRANSPORTATION
Regional access for the subject neighborhood is provided by US Route 27 US Highway 27. In Florida, US Route 27
extends 481 miles from the South Florida Metropolitan Area northwest to the Tallahassee metropolitan statistical
area. In Sebring it is a primary north-south artery providing access to the rest of the state. Pertaining to the subject’s
immediate area, east to west access provided along Sebring Parkway, while north to south access is provided the US
Route 27. The subject property was deemed as having average linkages throughout the Sebring metro-area. The city
is served by Amtrak from the Sebring station which provide daily service to Miami, Tampa, Orlando, and New York
City. The nearest airport to Sebring is Punta Gorda (PGD) Airport which is 53 miles away.

Property Facts

Price $2,200,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 15.00 AC

1 Lot Available

Lot

Price $2,200,000
Price Per AC $146,667
Lot Size 15.00 AC

Boundaries. • Western Border: US Route 27 • Eastern Border: Scenic Highway & State Road 17 • Northern Border: Panther Parkway & Lake Sebring • Southern Border: Sebring Parkway & Lake Jackson

Description

15+- Acres. Large Development Site approved for 275 units. on hard corner intersection for Multi-Family . Utilities available city water and gravity fed sewer. Located within 1/2 to major big box stores on North/South Highway 27 within minutes.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
S-13-34-28-090-0010-0000
Land Assessment
$422,400
Improvements Assessment
$0
Total Assessment
$422,400

zoning

Zoning Code R3 (Residential)
R3 (Residential)
  • Listing ID: 30369742

  • Date on Market: 12/21/2022

  • Last Updated:

  • Address: 2250 Covington Rd, Sebring, FL 33870

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