$400,000

State Road 40

ASTOR FL, 32102

Description

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 citys population continues to grow.

Details

MLS#O5739503
Sub-TypeResale
StatusActive
Days On Site342

Features

Acreage20.00

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Area Information

StateFL
CityASTOR
Zip Code32102
Area32102 - Astor
Listing VS Median (in 32102)
Price:
$400,000
low | high
Med:
$132,000
100% of Average
On Site:
342
low | high
Med:
99
100% of Average
Listing Updated: 09/14/2019
MLS Number: O5739503
Listing Provided By:
John Germann-Kurtz, PA  of  STIRLING INTERNATIONAL REAL ES

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