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STATE ROAD 40, Astor, Florida

$400,000Active

STATE ROAD 40, Astor, Florida 32102
Premier Sothebys Int'l Realty - MLS® ID: O5544788

Property Details

STATE ROAD 40, Astor, Florida 32102 - This prime development site is almost 20 acres in the heart of the sleepy vacation town of Astor, Florida, the city on the river. Astor is a small tourist destination wedged between the St. Johns River to the east, the Ocala National Forest to the west, Lake Dexter to the south and Lake George to the north, the second largest lake in Florida. Astor is famous for fishing, boating, hunting, camping, wildlife watching and St. Johns River Tours. Highway 40 is the main east and west road in Astor and dead in the middle of the small but popular destination is 20 acres of vacant land with 650 feet of frontage on Highway 40 (8100 AADT). The property is surrounded by development including a new Dollar General directly adjacent with road and utility stub-outs in place. The property is high and dry with scattered pine forest oak hammocks and mixed brush. The property has another 300 feet of frontage on North George Street on the south end. Future land use is urban low-density 4du/acre. Recommended development includes zoning the Highway 40 frontage property to commercial and making a small 30 - 50 lot single-family home development in the rear portion. The property is ideally situated for a buy and hold but can be developed today. Because of its unique geography between rivers, lakes and national parks, Astor cannot sprawl out as it grows. Ideal downtown development sites like this will be more and more coveted as the city's population continues to grow.

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Amenities

  • Zip32102
  • CountyLake
  • StatusActive
  • Purchase TypeActive
  • Property typeVacant Land
  • Zoning typeCP
  • Lot size1207x668
  • WaterfrontN
  • Tax amount$1,329.00
  • Tax year2016
  • Office ID261012780
  • Agent ID276510153
  • Agent namePatrick Whalen
  • MLS® IDO5544788

Broker: Premier Sothebys Int'l Realty

Listing Courtesy of Premier Sothebys Int'l Realty

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“Robbie did a great job of handling this sale, as he has with other sales for us. He is easy to work with, always follows through and makes it easy for the client.”

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