Address
16340 & 16264 S Highway 475 HIGHWAY, SUMMERFIELD, FL
Price
$ 1,599,000
Property Attributes
  • MLS#G5067987
  • TypeCommercial
  • CountyMARION
  • CitySUMMERFIELD
  • AreaSummerfield
  • Zip34491
  • StyleMixed Use
  • Year Built1990
  • Taxes$ 9828
  • Price$ 1,599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1967
  • Lot Size6.78 Acres
Data Source:
Stellar MLS
Property Description

Offering is an Excellent Investment - Income property!! 5.6% CAP Rate with a Great Tenant and long successful history at location. Site has 2 buildings on 6.78+/- Acres, completely fenced and gated, zoned B-5 & A-1, Marion County. The first bldg is a 1,904+/- SF former concrete block residence that has been converted to a very attractive commercial office administrative building with many private offices, large waiting - admin area, break room, restrooms, large class room or conference room. The 2nd bldg is a 12,000+/-SF Metal bldg with newer 2017 roof, 6 grade level overhead roll-up doors, large circular drive for easy access for semi-truck's with trailers, multiple private offices, restrooms, additional mezzanine storage and lighted signage. Property is on well and septic and immaculately maintained inside and out. Location is in the heart of Central Florida, an hour from Orlando and 30 minutes to Ocala or The Villages and minutes from I-75 Bellview Exit 341. Do not enter property without an appointment. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice.

Price History
5/19/2023 Listed $1,599,000

General Features

Sewer Septic Tank
Heating Central
Cooling A/C - Office Only,Central Air
Utilities BB/HS Internet Capable,Electricity Available,Phone Available,Water Connected
Zoning B5 & A1
Construction Materials Concrete,Metal Frame,Metal Siding
Year Built 1990
Electric 110 Volts
Property SubType Mixed Use
Tax Year 2022
Percent Ownership Corporation
County Marion
New Construction No
Property Type Commercial Sale
Building Features Fencing,Kitchen Facility,Overhead Doors
Status Active
Directions From Belleview go west on Hwy 484 toward I-75,just before I-75 turn left / south onto CR / hwy 475 property will be on the right - no sign - do not enter or disturb without an appointment
City SUMMERFIELD
Buyer Agent Compensation 2.5%
MLS Area 34491 - Summerfield
Lot Size Square Feet 295337
Waterfront Y/N No
Street Name Highway 475
Listing Terms Cash,Conventional
Tax Annual Amount 9828.64
Property Condition Completed
Public Remarks Offering is an Excellent Investment - Income property!! 5.6% CAP Rate with a Great Tenant and long successful history at location. Site has 2 buildings on 6.78+/- Acres,completely fenced and gated,
Virtual Tour https://click.pstmrk.it/3s/www.aryeo.com/v2/DKKXVMO/unbranded/cUpU/-LesAQ/AQ/46c86ca5-82c8-421d-b4f7-e4445da0307e/3/22Hbe2aMZZ
Days on Market 350
Standard Status Active
Tax Lot 00
Legal Description SEC 29 TWP 17 RGE 22 N 146 2/3 YRDS OF E 330 YRDS OF SE 1/4 OF NE 1/4 & EXC N 208.71 FT OF E 208.71 FT & EXC RD ROW & EXC COM AT THE NE COR OF SE 1/4 OF NE 1/4 OF SEC 29 TH W 787.03 FT TO THE POB TH

Interior Features

Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix HIGHWAY
Living Area Units Square Feet

Exterior Features

Parking Features 6 to 12 Spaces,Common
Lot Features Oversized Lot,Retention Areas
Lot Size Area 6.78
Foundation Details Slab
Number of Buildings 2
Building Area Total 13904
Lot Size Acres 6.78
Road Surface Type Paved,Asphalt
Lot Size Units Acres
Road Frontage Type Street Paved,County Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 34491

Price
AVG $1.12M
$1.6M
Taxes
AVG $4,492
$9,828
Visits
AVG 322
307
Data Provided by Inside Real Estate®
Year Built
AVG 1983
1990

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