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16340 & 16264 Highway 475 Highway
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PRICED AT ONLY: $1,699,000

Address: 16340 & 16264 Highway 475 Highway, SUMMERFIELD, FL 34491

Description

Offering is an Excellent Investment Income property!! 6.5% 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.

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  • MLS#: G5067987 ( Commercial Sale )
  • Street Address: 16340 & 16264 Highway 475 Highway
  • Viewed: 7
  • Price: $1,699,000
  • Price sqft: $122
  • Waterfront: No
  • Year Built: 1990
  • Bldg sqft: 13904
  • Days On Market: 627
  • Acreage: 6.78 acres
  • Additional Information
  • Geolocation: 28.9846 / -82.1201
  • County: MARION
  • City: SUMMERFIELD
  • Zipcode: 34491
  • Provided by: GRIZZARD COMMERCIAL REALESTATE
  • Contact: Daniel Tatro
  • 352-787-6966
  • mfrmls
  • DMCA Notice

Description

Offering is an Excellent Investment Income property!! 6.5% 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 1967.00
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Oversized Lot, Retention Areas, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Parking Spaces - 6 to 12, Common
Utilities
  • Carport Spaces: 0.00
  • Cooling: Office Only, Central Air
  • Electric: Service - 110 Volts
  • Heating: Central
  • Road Frontage Type: County Road
  • Sewer: Septic Tank
  • Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2022
Other Features
  • Country: US
  • 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 S 440.17 FT TH W 202 FT TH N 199 FT TH E 182 FT TH N 241.18 FT TH E 20 FT TO THE POB & EXC N 241.20 FT OF W 182 FT OF N 440 FT OF E 990 FT OF SE 1/4 OF NE 1/4
  • Area Major: 34491 - Summerfield
  • Occupant Type: Tenant
  • Parcel Number: 44812-000-00
  • Zoning Code: B5 & A1
Nearby Subdivisions
Little Lake Weir 01 Add   Not On List   Three Cs Indust Park  
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