INDIANTOWN, Fla., Jan. 16, 2014 /PRNewswire/ -- Approximately 2,620 acres of Martin County, Fla., agricultural land bordered by the St. Lucie Canal will sell at auction Thursday, Feb. 27, with Murray Wise Associates LLC marketing the property and conducting the sale in cooperation with Crosby & Associates, Inc.
The land will be sold in eight tracts, ranging from 58 acres to 802 acres, making it possible for bidders to bid just on the land that suits their needs. "This former high-producing citrus grove is in an ideal location for growing a wide range of vegetables, with good irrigation and drainage infrastructure already in place. It's suitable for numerous crops such as tomatoes, citrus, peppers, melons, cucumbers and green beans, with some acres already in vegetable production," said Murray Wise, chief executive officer of the auction company.
The land has permits in place and water delivery and drainage available from the canal, which runs along the north boundary. It fronts on Routes 710 and 76 in the southern part of the county, 30 miles southwest of Port St. Lucie and 20 miles from the Palm Beach area.
"This property actually has a significantly higher percentage of plantable acreage than the property of similar size that we sold during 2013 in Stuart, just seven miles away," said Wise. The Stuart property – 2,294 acres of vegetable cropland – sold for $19.5 million, or $8,500 per gross acre.
The auction will begin at 10 a.m. Thursday, Feb. 27 at the Indiantown Civic Center. Auction personnel will be available at the property to provide detailed information and accommodate inspections on Feb. 3, 16 and 26, from 1 to 3 p.m. Individuals seeking details may visit www.murraywiseassociates.com or call 800-607-6888.
Murray Wise Associates LLC, with offices in Florida, Illinois and Iowa, is a leading national agricultural real estate marketing and financial advisory firm.
Crosby and Associates, Inc., based in Winter Haven, Fla., with offices in Tavares, Fla., and Hawkinsville, Ga., is a noted provider of agriculture real estate brokerage and management services.
For more information:
Carl Carter, 205-823-3273
SOURCE Murray Wise Associates