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Southeast Highway 70 - Riverline Ranch and Development

139 Acres of Residential Land Offered at £2,644,950 in Arcadia, FL 34266

Investment Highlights

  • Ample road frontage on both HWY 70 and SE Hansel Ave.

Executive Summary

Riverline Ranch is one of the largest tracts of land available just outside the city limits of Arcadia.
Located 3 miles east of the city limits of Arcadia.

Property Facts

Price £2,644,950
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 139.00 AC

1 Lot Available

Lot

Price £2,644,950
Price Per AC £19,028
Lot Size 139.00 AC

139 Acres Price Per Acre $23,741

Description

Riverline Ranch is one of the largest tracts of land available just outside the city limits of Arcadia. With ample road frontage on both HWY 70 and SE Hansel Ave, this property allows for multiple points of access for a future landowner or developer. The property can also be accessed from the east via SE Hagen St. Currently zoned A-5 for low density residential development (1 dwelling per 5 acres), this land also has the potential for a zoning change to Industrial use given the standards described in the DeSoto County Comp plan. The landowner is willing to subdivide off a 30 acre portion along HWY 70 at an adjusted price. Reach out to Keat Waldron, ALC, for details. Located only 40 minutes from the west coast, this land serves as a great investment for the rancher or farmer who wants to benefit from the continued agricultural use of the land and the low carrying costs due to greenbelt exemption. Arcadia is constantly growing with sewer already available at the site and water located 2 miles to the west off of HWY 70. DeSoto County is currently expanding their water infrastructure in three phases, allowing for future growth to occur. Comprised of nearly 95% uplands, the land is mostly pasture, with some large oak trees lining the perimeter fencing. It has been maintained as a cattle ranch for many years with electricity, cow pens, and well water on site.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03-38-25-0000-0122-0000
  • 02-38-25-0000-0140-0000
Land Assessment
£44,661
Improvements Assessment
£1,987
Total Assessment
£46,648

zoning

Zoning Code Zoning is A-5FLU is Rural (Zoning is A-5 and FLU is Rural)
Zoning is A-5FLU is Rural (Zoning is A-5 and FLU is Rural)
  • Listing ID: 31680278

  • Date on Market: 02/05/2024

  • Last Updated:

  • Address: Southeast Highway 70, Arcadia, FL 34266

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