135± Acres Of Development Land, Sebring, FL

135± Acres Of Development Land, Sebring, FL

Thursday, March 12, 2020  |  6:00 PM Eastern
Auction closed.
135± Acres Of Development Land, Sebring, FL

135± Acres Of Development Land, Sebring, FL

Thursday, March 12, 2020  |  6:00 PM Eastern
Auction closed.
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135 +/- acre prime development tract in the City of Sebring, FL. Water, sewer, gas and electric available with access to Sebring Parkway. Close to elementary, middle and high schools. Close to shopping and hospitals. 55 ft elevation change with rolling hills and beautiful oak trees. Two ponds, oak hammocks, beautiful woodlands. Agricultural exemption for extremely reduced tax rolls. To be sold above a reserve of $2,000,000!

Property Location:
2701 Sebring Parkway/S Highlands Ave, Sebring, FL 33870

Auction Location:
Pavilion on Little Lake Jackson, 1775 US 27 S, Sebring FL 33870
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142 acres, Sebring, FL

Lot # 1 (Sale Order: 1 of 1)      

Quantity: 142

LOCATION: 2701 Sebring Parkway/S Highlands Ave, Sebring, FL 33870 Highlands County (*acreage is based upon survey 3/30/2005) DESCRIPTION: 142+/- acre prime deve...morelopment tract in the City of Sebring Previous use was The Kenilworth Golf Course & citrus groves. After closing the golf course (around 1970) it was used as grazing land for cattle and citrus cultivation. UTILITIES: City water & sewer FRONTAGE: 775±’ frontage on Sebring Parkway/S. Highlands Ave 1,064±’ visibility on US Alt. 27 South Moody Rd/Real McCoy Dr, Persimmon Ave & Hillside Dr dead-end into the property. 2,262±’ frontage on roads within the Francis 2 MH Park 1,080±’ frontage along the RR track on Sebring Parkway PROPERTY DESCRIPTION: • There is a Development Agreement that contemplates a rezoning to City PUD, but that rezoning never was pursued, except as to a portion of the overall property, Parcel S-32-34-29-090-0110-0010 comprised of 9.9± acres. By statute, the County’s zoning and land use plan remain applicable until the City processes a Comprehensive Plan Amendment that includes the annexed area. The Development Agreement provides for a maximum of 1136 residential dwelling units and 300,000 square feet of commercial space, subject to numerous size minimums and other regulations as set forth in the agreement. The residential dwelling units would be reduced to 893, since 243 units of the total were allocated to Parcel S-32-34-29-090-0110-0010. When the current owner, or new owner, wishes to establish the PD zoning district contemplated by the Development Agreement, please have them submit a conceptual site plan pursuant to Sebring Code 26-144. WHY HIGHLANDS COUNTY? • This property is in the Sebring City limits, directly across the road from 9,212± acre Lake Jackson. CSX railway borders a portion of the property. • Sebring, the county seat of Highlands County, is home of the Sebring International Raceway, 12 hours of Sebring and Highlands Hammock State Park. The city is served by the Sebring Regional Airport, a 2,000-acre, rail served industrial park. • More than 86% of Florida’s population is located within a two-hour radius of Highlands County. It’s situated in the middle of Florida’s extensive multi-modal infrastructure and surrounded by three interstates, commercial airports, an intermodal logistics center and deep-water ports. Our location is nearly equidistant (about 1.5 hours) to Orlando, Tampa, Fort Myers and West Palm Beach and a 2-hour radius to 8 Sea Ports • and 10 airports. Sebring occupies the southern end of the Lake Wales Ridge, a 100-milelong range of sand hills, scrub and freshwater lakes. With average temperatures of 83° you can enjoy all the outdoor activities of the area! • Highlands county boasts a workforce of over 100,000 within a 1-hour radius, a competitive business climate, home of Avon Park Airforce Range, below average tax rates, exclusive tax incentives, a growing industry base, quality healthcare & education and home to South Florida State College with a total of 8 colleges within a 1-hour radius. https://www.highlandsedc.com/Advantages/Why-Highlands-County https://www.youtube.com/watch?v=ZeW9sv4F5CI#action=share https://visitsebring.com/ BIDDING TERMS: • Bidding confirms you have inspected the property & agree to the terms of sale in the Contract for Purchase & Sale Agreement • All property is sold “As-Is” without any further inspections or repairs • This property is subject to prior sale or removal from the auction. We do entertain pre-auction offers. • Closing is set for 45 days – there are no financing or inspection contingencies or other delays allowed. • 2020 real estate taxes will be prorated to the day of closing. • The cost of recording the deed and the required documentary taxes as well as any costs associated with a mortgage will be paid by the Buyer. • The cost of a new survey, if desired, will be paid by the Buyer. • Wauchula State Bank is willing to let a qualified buyer assume the existing mortgage on the property for tax & appraisal savings. Please contact Rob Roberts for more information, 863-446-0091.

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