Frostproof Hwy 27 Mixed-use Development

Descriptions

With almost 800 FT of road frontage on US Hwy 27, this property offers a unique mix of residential and commercial potential that is unlike any other property in the immediate area. The property consists of 100% uplands and has the benefit of additional road access with 940 FT of road frontage on Otto Polk Road. In 2019, Nucor Steel, the 2nd largest steel producer in North America, opened a mill just 4 miles south of this property. Nucor invested nearly $240 million into this location, and has room for expansion. Lake Wales and Sebring are both a short 25 minute drive, while Orlando and Tampa are only an hour and twenty minutes away. The property also has close proximity to Walt Disney World (1 hour), Legoland (30 minutes), Warner University (10 minutes), and South Florida State College (15 minutes). The approximate 41 acres of residential land allow for a max density of four (4) dwelling units per acre, with the remaining 7 acres making up the commercial portion of the property. Along this stretch of HWY 27, there is a traffic count of approximately 20,000 cars per day. For utilities, there is a 12 inch water main located on the east side of Hwy 27 - approximately 200 FT from the property boundary. A 10 inch wastewater force main is located approximately mile north of the property on Hwy 27.