2250 Covington Rd Sebring, FL 33870
Estimated payment $11,457/month
About This Lot
Prime 15± Acre Hard Corner Multi-Family Development Site – Sebring, FL
275± Units | Only $7,091 Per Unit – Priced for Immediate Sale!
Don’t miss this rare opportunity to secure a premier development site in one of Sebring’s most strategic, high-growth locations. Positioned directly on a hard corner with over 300 feet of frontage on Sebring Parkway, this property offers unmatched visibility and access for a state-of-the-art multi-family community or mixed-use development. Plus 1000+Ft on Scenic Hwy facing the New Budweiser Showplace Facility adding a special element to this superb location.
Just 1.5± miles from Sebring’s Walmart and surrounded by national retailers including Chick-fil-A, WaWa (4 locations), Chipotle, and Rural King—with more on the way—this site sits in the highest-traffic retail corridor in the region. Investors and developers alike are recognizing Sebring's impressive growth potential, and this is your chance to join them.
With zoning that supports approximately 275 units, the land is priced at only $7,091 per unit—an exceptional value for this location. Act now to take advantage of Sebring’s ongoing transformation, fueled by Florida’s new wave of industrial expansion. Major players like Amazon are already establishing a presence, further increasing future demand for housing and retail services.
Future upside: As DOT expands the surrounding Highways to accommodate the eminent growth, consider rezoning the hard corner for high-value commercial uses such as a convenience store (WaWa-type $1M+/acre user) or professional services like an eye care center—while developing the remaining parcel through a joint venture with an established multi-family builder.
Multiple Comps are available upon request like the 300 unit parcel on the other side of Budweiser recently listing and SOLD by our firm plus see aerials of surrounding New Communities presently being developed: Stone Ridge, Watersedge Resort, Rocklyn Townhomes, etc.
Whether you're a seasoned developer or a savvy investor seeking exceptional returns, this 15± acre flagship parcel offers the ideal foundation for a dynamic and profitable project.
Opportunities like this don’t wait. Stake your claim in Sebring’s future—before someone else does.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,241
Lot Details
- 14.7 Acre Lot
- Cleared Lot
- Zoning described as PD
Location
- City Lot
Schools
- Sebring Middle School
- Sebring High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number S-13-34-28-090-0010-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $8,387 | $422,400 | $422,400 | -- |
2023 | $8,387 | $422,400 | $422,400 | $0 |
2022 | $8,336 | $422,400 | $422,400 | $0 |
2021 | $5,888 | $422,400 | $422,400 | $0 |
2020 | $4,275 | $211,200 | $0 | $0 |
2019 | $4,288 | $211,200 | $0 | $0 |
2018 | $4,333 | $211,200 | $0 | $0 |
2017 | $4,382 | $211,200 | $0 | $0 |
2016 | $4,368 | $211,200 | $0 | $0 |
2015 | $4,419 | $211,200 | $0 | $0 |
2014 | -- | $0 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/03/2025 05/03/25 | For Sale | $1,950,000 | +169.0% | -- |
10/08/2021 10/08/21 | Sold | $725,000 | -8.8% | -- |
07/29/2021 07/29/21 | Pending | -- | -- | -- |
03/03/2021 03/03/21 | For Sale | $795,000 | -- | -- |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Special Warranty Deed | $725,000 | Attorney | |
Special Warranty Deed | $215,000 | Attorney | |
Warranty Deed | $17,900 | South Ridge Abstract & Title |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $435,000 | Unknown | |
Previous Owner | $107,500 | Commercial |
Source: Heartland Association of REALTORS®
MLS Number: 314891

APN: S-13-34-28-090-0010-0000
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