16340 & 16264 S Highway 475 HIGHWAY Summerfield, FL $ 1,599,000
16340 & 16264 S Highway 475 HIGHWAY
$ 1,599,000
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16340 & 16264 S Highway 475 HIGHWAY

Summerfield, FL, 34491
$ 1,599,000
Baths0.0 Sq 1,967

Monthly Estimate*

$ 10,627

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Studio

Commercial Property for sale in Summerfield, FL

for $1,599,000. This 1,967 square foot building was built in 1990 on a lot size of 6.78.

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.

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Commercial Active

Price

$ 1,599,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,828

Style

Mixed Use

Lot Size

6.78

Year Built

1990

Town/City

Summerfield

County/Region

Marion

MLS | Web ID

G5067987

Features
General
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 Units Acres
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
Living Area Units Square Feet
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
Water Access Y/N No
Water View Y/N No
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Exterior
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
Road Frontage Type Street Paved County Road
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Interior
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix HIGHWAY
Total Baths 0
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* Excluded Features
List By
Grizzard Commercial Realestate

Broker

Dan@DT-Sells.com

Email

Affordability Calculator

$11,446
Per Month
93%
7%
0%
Monthly Principal & Interest
$10,627
Monthly Property Taxes
$819
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2023$1,599,000 Listed Price

Map


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16340 & 16264 S Highway 475 HIGHWAY, Summerfield, FL, 34491 is a Commercial Property for sale at $1,599,000 with 1,967 sqft and a lot size of 6.78. 16340 & 16264 S Highway 475 HIGHWAY is a studio with 0.0 baths and was built in 1990. The property's zip code is 34491 which is in Summerfield, FL