ROAD 3 - SEARS RD 0010 RD Labelle, FL 33935

This 48.55 acre grove is a citrus operation containing a solid set of Valencia's (80% mature, 20% young). The property is located east of SR 29, in Hendry County, Florida. The grove is still in production and the properties extensive drainage and drip irrigation enhancements make it highly desirable for production of alternative crops (sugarcane, bamboo, vegetables, etc.). The property is currently zoned Agriculture. It is located 25 miles east of Ft. Myers and 15 miles from Lehigh Acres - two of the fastest growing urban areas in Florida. The property has a current residential zoning of 1 unit per 5 acres, so building a home or putting in a manufactured home is also a feasible option. The property is in the Gerber Groves Water Control District (the District) and a tax is collected for the District by the Hendry Co. Tax Collector annually. All canal, drainage and road maintenance are provided by the District. An investment portfolio is also available, which consists of 5 parcels, totaling approximately 153 acres.