Listing Details for MLS #A4533506
10705 Bud Rhoden Road, Palmetto Fl 34221, Palmetto, Fl

Residential Property - Single Family Residence in Palmetto

Listing Price: $2,800,000 (Mortgage Calculator →)Days on Market: 317

Description of Property

Calling all developers and investors! This property is a hidden gem and a fantastic investment opportunity. With 7.8 acres of cleared land spread across 3 parcels (1.275, 2, and 5+), this property is ideal for future R6 subdivision. Located on the ever-expanding Moccasin Wallow Road, this property boasts easy access to I75 and I275, making it a highly desirable location for development. The property features a modern office building constructed in 2018, currently used as office space but can easily be converted into a cozy 2 bedroom, 1.5 bathroom residence. With 1,600 square feet under air, steel beam construction, a metal roof, a full kitchen, and high vaulted ceilings, this home/office is built to last. The property also comes equipped with a generator for backup power. A long, asphalt driveway leads to the home/office, which overlooks a picturesque pond located at the back of the property. Currently used for irrigation and water retention, this pond adds to the property's charm and offers potential for further development. With the possibility of converting this property into an R6 subdivision, the potential for over 40 homesites is within reach. Moccasin Wallow Road is a rapidly growing area, and this property is perfectly positioned to take advantage of its expansion. Whether you're looking to create a future sales office, a community building, or a property management office, the possibilities are endless. Don't miss out on this fantastic investment opportunity. Schedule your showing today and see for yourself the potential that awaits!The average asking price for a 2 bedroom/1 bath single family residence in this Zip code is $1,589,500. This single family residence is listed at about 176% of the average asking price. This is the only 2 bedroom/1 bath single family residence between $2,400,000 and $3,200,000 currently listed for sale in this Zip code.