0 Panther Pky - Sebring Multifamily Development Site 19.84 Acres of Commercial Land Offered at $1,545,248 CAD in Sebring, FL 33870

Situated at the corner of Panther Parkway and Beacon Avenue, this permit-ready 19.84± acre parcel is one of Highlands County’s most compelling development plays. Recently rezoned to City of Sebring R-3 (RM FLU), and annexed into the City of Sebring, the site allows for immediate site planning for townhomes, multifamily, or single-family subdivisions without further zoning hurdles. Featuring a clean rectangular configuration and flat topography, the property offers dual-road frontage and access to municipal utilities. This prime infill location with high density residential zoning in place offers an ideal multifamily or single family development opportunity in a high-demand growth corridor. The R-3 zoning and RM future land use positions this property as a high-yield infill location with the potential for over 200+ multifamily units or a high-density townhome community. R-3 multiple-family district is a multi-family zone that allows single-family and two-family dwellings with a lot area of 15,000 square feet for multi-family and a maximum density of 12 dwelling units per acre. Location Description Strategically located at the high-visibility corner of Panther Parkway and Beacon Avenue, this 19.84± acre infill site sits in the heart of Sebring’s primary residential growth corridor. Just minutes from the US-27 commercial spine, the property offers unparalleled connectivity to major regional employers like AdventHealth Sebring, the Lakeshore Mall retail hub, and South Florida State College. The surrounding area is defined by a rapid transition toward modern residential neighborhoods, evidenced by nearby new construction from national and regional builders. Residents enjoy proximity to the world-renowned Sebring International Raceway and the natural beauty of Highlands Hammock State Park, while the site's dual-road frontage and access to municipal utilities make it the premier choice for a high-density multifamily or townhome community in a market driven by consistent in-migration and robust workforce housing demand.