Tucked away just minutes from downtown, this versatile .49-acre parcel sits on the edge of town in a great up-and-coming neighborhood, with a brand-new housing development just across the street and continued improvements throughout the area. Pride of ownership is showing, with neighbors actively fixing up and upgrading their homes-making this location more and more sought after. The parcel may have the potential to build (buyer to verify) and includes a very well-built 25x20 building already on site. Currently being used for storage, it could be a great fit for your daily needs-ideal for a home-based business setup, equipment/tool storage, or parking vehicles. An operational well is already in use on the property, and the lot is partially fenced for added privacy and functionality. Even better, the property behind has a mobile home currently rented, and the property next door is a home currently rented. With two additional neighboring properties also available, this creates a rare opportunity to assemble three income-producing properties-a strong setup for a high-cap-rate investment package, or a buy-and-hold strategy where you could live in one and rent the others. Buyer to do their due diligence regarding zoning, building requirements, permitted uses, and rental/income potential, and to verify any and all information with the City of Frostproof and Polk County.