16340 & 16264 S HIGHWAY 475 HIGHWAY SUMMERFIELD FL 34491 MLS #G5067987

16340 & 16264 S HIGHWAY 475 HIGHWAY
SUMMERFIELD, FL, 34491
$1,599,000
Beds
0 Baths
1,967 SqFt
6.78 Acres
$1,599,000
16340 & 16264 S HIGHWAY 475 HIGHWAY
SUMMERFIELD, FL, 34491
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.

Property Details

Price:
$1,599,000
MLS #:
G5067987
Status:
Active
Beds:
0
Baths:
0
Address:
16340 & 16264 S HIGHWAY 475 HIGHWAY
Type:
Commercial
Subtype:
Mixed Use
City:
SUMMERFIELD
Listed Date:
Apr 24, 2023
State:
FL
Finished Sq Ft:
1,967
ZIP:
34491
Lot Size:
295,337 sqft / 6.78 acres (approx)
Year Built:
1990

Schools

Interior

Cooling
A/ C – Office Only, Central Air
Heating
Central

Exterior

Construction Materials
Concrete, Metal Frame, Metal Siding
Parking Features
6 to 12 Spaces, Common

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2022
Taxes
$9,829
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16340 & 16264 S HIGHWAY 475 HIGHWAY
SUMMERFIELD, FL