Tampa, FL, October 7th, 2025 – Eshenbaugh Land Company is pleased to announce the successful closing of a 20.0± acre property located on SW Boll Weevil Road in Arcadia, Florida. The $525,000 transaction was brokered by Richie Timmons, who represented the seller.
The buyer, ILIL Properties, LLC, owns a roofing construction company and plans to utilize the site for commercial operations in the near term. However, they are also evaluating the possibility of rezoning the site in the future to allow for residential development under its Neighborhood Mixed Use (NMU) land use designation, which permits up to 3.5 dwelling units per acre.
“This is a great fit for ILIL Properties,” said Richie Timmons. “The flexibility of this site gives them room to grow their commercial operations today while maintaining upside potential for residential or mixed-use development down the road.”
With Light Industrial zoning already in place and NMU Future Land Use, the property allows for a range of uses—from light manufacturing and warehousing to residential development—making it a strong long-term investment. The site benefits from its strategic location just off US-17, a key north-south corridor connecting Arcadia to Punta Gorda and the greater Southwest Florida market.
For additional information, contact Richie Timmons at 813-287-8787×116 or email richie@thedirtdog.com.