Southeast Highway 70

Property Description

Riverline Ranch North Development consists of 30 acres and 1,320 feet of frontage on HWY 70 in Arcadia, FL. The property is located just 2.5 miles outside of town and is currently zoned A-5 (1 dwelling per 5 acres), with a "Rural" future land use designation. With the standards described in the DeSoto County Comp plan, there is a good opportunity to rezone the land for industrial use. Close proximity to the west coast (only 40 minutes away) along with major roadways gives a future landowner quick and convenient access to Punta Gorda, Port Charlotte, Fort Myers, and Naples. Publix, Walmart, Culvers, and the Ford dealership are all located just a few minutes down the road from the site. Given the great location and major corridors serving the region, this property will serve as a great 5 to 8 year investment hold with sewer already available at the site and water located just 2 miles to the west on HWY 70. DeSoto County is currently expanding their water infrastructure in three phases, creating great value for future development to occur. ***There is an additional 109 acres available that can be purchased at a discounted rate.