29 State Rd

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29 State Rd

Palmdale, FL 33944
Asking Price
$1.70M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land asset positioned on State Road 29
  • Total asking price set at 1,700,000 dollars
  • Site layout supports truck stop or industrial development
  • Existing special exception status is currently available
  • Located within the Palmdale, Florida commercial market

What's Special

This commercial land parcel in Palmdale, Florida, spans a strategic position along State Road 29. Situated in a region that serves as a key transit corridor, the site benefits from its accessibility to regional transport networks. Investors and developers often target this type of acreage in the Florida heartland for its utility in supporting logistics, distribution, or heavy commercial operations. Given the existing land designation, the property presents a viable candidate for a truck stop facility or industrial development, particularly with the potential to leverage existing special exception provisions. Proximity to major thoroughfares enhances the viability for businesses requiring consistent regional connectivity. With its current zoning and physical positioning, the site is well-suited for industrial enterprises seeking to establish a footprint in a growing area of the state. The parcel offers clear development potential for buyers focused on specialized commercial or industrial applications that require high-visibility frontage.

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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069

Location & Travel Times