Cropland and commercial acreage with development potential in Hendry County, Florida will be offered at auction Jan. 26 due to Chapter 11 proceedings for three related agricultural enterprises, Murray Wise Associates announced this week in LaBelle, Florida.
The auction is scheduled for 1 p.m. at LaBelle Civic Center, 481 W. State Road 80 in LaBelle. Available in 13 tracts, the offering includes three grove areas and a two-acre commercial lot.
Flatwood Groves spans 516 acres along Ponderosa Ranch Road. Barfield Grove consists of 496 acres with 220 acres of mature citrus, 199 cleared acres and a 24-acre reservoir.
River Road Grove has approximately 264 acres with 157 planted tree acres, 58 cleared acres, a 12-acre reservoir and a four-acre home site, while the commercial lot is at 1150 Commerce Drive, LaBelle, in the LaBelle Airport Commerce Park.
"This property has a great deal of versatility, including mature citrus, transitional farmland and even ground that could qualify for organic certification," Ken Nofziger, president of Murray Wise Associates, said. "With cropland tracts ranging in size from 34 to 496 acres, this offering will appeal to developers, investors, small farmers and large grower/operators."
Representatives will be available to provide more details to prospective buyers during informational open houses at Florida Southwestern State College at 1092 E. Cowboy Way in LaBelle on Dec. 16 and Jan. 6 from 9 a.m. to noon.
The companies currently in possession of the land include Nobles Farms, Flatwood Citrus Groves, and Southwest Florida Holdings.
Murray Wise Associates, a Champaign, Illinois firm, is a national agricultural real estate marketing and financial advisory firm with an office in Naples, Florida. It is offering the properties in conjunction with Crosby & Associates of Winter Haven, which markets land throughout Florida and surrounding states.
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