9930 State Road 80
About This Property
Rare chance to secure a large-scale acreage position along the SR 80 growth corridor in Glades County-strategically located between LaBelle and Clewiston, with direct access and strong long-term development trajectory.
This 55.48± acre tract offers immediate investor appeal with a documented history of permitted mining activity, including approximately 22 acres previously approved for excavation. While the prior ERP has expired, the groundwork has already been laid-extensive due diligence materials are available, including engineering plans, soil borings, monitoring data, and prior permit documentation. For experienced operators and developers, this represents a significant head start in the entitlement process.
The property is rich in natural materials historically identified on-site, including lime rock, shell, and sand, offering potential value through resource extraction (subject to approvals). Beyond mining, this site is a true multi-strategy asset-ideal for land banking, agricultural use, mitigation, or future development as demand continues pushing east from the Fort Myers market.
Located within a federally designated Opportunity Zone, this property may offer substantial tax advantages for qualified investors, making it especially attractive for long-term hold or phased development strategies.
No existing structures or improvements-providing a blank canvas for execution.
Key Highlights:
* 55.48± acres with direct SR 80 access
* Prior 22± acre mining footprint (expired ERP)
* Opportunity Zone designation
* Extensive due diligence package available
* Multiple potential use paths (subject to approvals)
* Positioned in path of regional growth
Opportunities of this size, location, and flexibility are increasingly scarce.
Buyers to conduct all due diligence and verify allowable uses, permitting requirements, and development potential.
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2025 | Listed by Weatherford Realty Group LLC | $3,500,000 | |
| Listed by Weatherford Realty Group LLC | |||
| Mar 19, 2025 | No longer available | - | |
| No longer available | |||
| Apr 23, 2024 | Listed by Weatherford Realty Group LLC | $3,800,000 | |
| Listed by Weatherford Realty Group LLC | |||
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LOCATED IN AN OPPORTUNITY ZONE! This 55.48-acre project site includes a 22-acre wet retention area (mine) and 2.86 acres of wetlands. Located in Glades County on State Road 80, approx. 12 miles east of LaBelle or 20 miles west of Clewiston. The property has an active SFWMD MINING PERMIT, serving 22 acres for a project known as Mid Oaks Mine. The mining operation plan also includes on-site dewatering and a rock-washing operation. The site does not contain buildings or permanent roads, but it does contain 2 monitoring wells. The ground material consists of lime rock, silica sand, a 5-7' layer of fine conch shell, and other various fabulous materials, according to the seller and previous owner, who was an engineer and instrumental in the permitting process. The SFWMD Environmental Resource Permit No. is 22-00276-P and expires on 04/15/2025. Many due diligence documents are available upon request, including a boundary survey, permits and permit applications, soil boring reports, monitoring well reports, cell tower lease and more.
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| Apr 3, 2024 | No longer available | - | |
| No longer available | |||
| Mar 26, 2024 | Price Decreased |
$3,500,000
↓ $200K
(5.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017