FRUITLAND PARK, FL 34731

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Presented By: BLACK TIE REALTY, INC. with 352-751-7888. - 352-751-7888
  • MLS# G5089561
  • 11/20/2024
  • Request Tour
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Home Details

MOTIVATED SELLER.. BRING US AN OFFER!!!!THIS IS THE PERFECT PLACE FOR AN RV STORAGE OR SELF STORAGE DEVELOPMENT DIRECTLY ADJACENT TO THE VILLAGES MASSIVE RETIREMENT COMMUNITY AND THE HAMMOCK OAKS DEVELOPMENT ON 466 AND CHERRY LAKE ROAD WHERE THE NEIGHBORHOOD WAL MART IS BEING BUILT. PRIME FOR DEVELOMENT AT A GREAT PRICE PER ACRE. This 10-acre parcel of vacant land represents a prime opportunity for development, offering an exceptional price per acre. Situated in a promising area poised for growth, this expansive property provides the perfect canvas for a variety of development possibilities. Whether you're envisioning a residential community, commercial enterprise, or a mixed-use project, the spaciousness and strategic location of this land can accommodate your plans. Additionally, the favorable price point enhances the investment potential, making it an attractive option for developers looking to capitalize on emerging market trends. With the right vision and planning, this land could transform into a thriving development, offering long-term value and success. Market Context & Rent Assumptions • Average rent per unit in Fruitland Park is around $120/month, across a mix of sizes and climate-controlled options . • Climate-controlled units average about $136/month, while non-climate looks closer to $130/month . • Specialty vehicle/RV/boat storage units average $95–$99/month . Facility Specs & Revenue Scenarios 1. Rentable Area Potential A comparable market asset in Fruitland Park spans ~60,880 rentable sq?ft . On 10 acres, depending on layout and building coverage, a similar size is feasible. 2. Unit Mix Example o Non climate units: 45,000?sq?ft o Climate controlled units: 10,000?sq?ft o Vehicle/RV/boat storage: 5,000?sq?ft 3. 4. Monthly Gross Income Estimate o Non climate units: 45,000?sq?ft × ($130 / tenant? better convert by unit) Let’s approximate units: an average unit ~100?sq?ft so ~450 units × $130 = $58,500/month o Climate controlled: ~100 units × $136 = $13,600/month o Vehicle/RV/boat spots (~50 spots) × $95 = $4,750/month 5. Total estimated monthly gross ˜ $76,850 ? Annual gross revenue ˜ $922,200 Revenue Ranges Depending on density and enhancements:
Presented By: BLACK TIE REALTY, INC. with 352-751-7888. - 352-751-7888

Interior Features for

Bathrooms

Total Baths

General for

Additional Parcels Y/NNo
Building Area Unitssquare feet
Cityfruitland park
Countylake
Current Useunimproved
Directions466 to cherry lake road and south. gps will not bring you in the right way. there is a 6 foot chain link fence to the left (north) of the driveway. there will be a sign at that corner
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptions 1/4 of sw 1/4 of sw 1/4--less w 25 ft-- orb 4522 pg 959
Living Area Unitssquare feet
Lot Size Square Feet427324
Lot Size Unitsacres
MLS Area34731 - fruitland park
ModificationTimestamp2025-06-15t00:47:47.127z
Ownershipfee simple
Property Typeland
Sewerseptic tank
Standard Statusactive
Statusactive
Tax Annual Amount4162
Tax Year2023
Utilitieselectricity available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Zoninga

Exterior for

Fencingchain link
Lot Dimensions336 x 1330
Lot Size Acres9.81
Lot Size Area9.81
Road Surface Typepaved
Water Sourcewell
Waterfront Y/NNo

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $699,900
MLS#G5089561
List Date 11/20/2024
Property Type Land
Phone 518.569.7173
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Request Info
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Location
  • Babcock Ranch