550 E Keene Rd
Apopka, FL 32703
36.4 Acre Nursery · Industrial Property For Sale

The Apopka nursery is occupied by Costa Farms, LLC, a third-generation, family-owned group of companies founded in 1961 and headquartered in Miami, Florida. Costa Farms grows a stunning array of more than 1,500 varieties of houseplants to help ensure you can grow houseplants successfully. Costa Farms has been growing annual flowers for more than 20 years. Costa Farms' 10-year lease commenced on February 2016 and terminates February 2026. Tenant is responsible for all expenses including utilities, taxes, insurance, and maintenance. Nursery is located directly adjacent to the Keene Road Exit of State Road 414, just 15 minutes to Downtown Orlando. The current improvements include 869,000 square feet of glass greenhouse with asphalt floors, computer-controlled environmental systems, natural gas boilers and automatic shade systems. Full generator back-up power, new 2,000-square-foot industrial cooler can be used to maintain cold chain on perishable products and as a drying area for harvested plant material. Like replacement for the production unit would be over $25 million. Parcel fronts East Keene Road and Clarcona Road. There are two curb cuts on Keene and one on Clarcona. Property has access to State Road 414, John Land Apopka Expressway for a westbound exit and eastbound on-ramp. Site is eligible for more access points. Property is conveniently located 15 minutes to Downtown Orlando and six miles from the New Florida Hospital complex with high density development announced the property can be developed as industrial, commercial, or high density residential. SUBJECT IS LOCATED WITHIN DESIGNATED GROW AREA FOR MEDICAL CANNABIS. On November 8, 2016, Florida voters approved a constitutional amendment that will legalized the use of marijuana for medicinal purposes beyond a previous law that limited such use to low-THC cannabis for limited groups of patients. Amendment 2 passed with well over the required votes at 70%. The amendment took effect January 2017.