2451 SE HIGHWAY 41 Morriston, FL 32668
Mixed Use - MORRISTON, FL
Property Features for 2451 SE HIGHWAY 41
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- A-RR
- Exterior features
- Paved
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 05288-003-00
- Size
- 2,320 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3448.43
Utilities
- Heating system
- Central
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1960
- Flooring type
- Laminate, Linoleum, Tile
- Building materials
- Block, Concrete, Metal Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Peggy Pittas License #0695605 (352) 484-0155
Listing office RE/MAX ALLSTARS REALTY 119 SE 1st Ave, Ocala, FL (352) 484-0155
Listing date Nov 20, 2025
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 2.5 acres with approximately 650 feet of frontage right on Highway 41, the property is positioned for high visibility. It is currently vacant, and photos show the building during prior operations. The location is also described as approximately 10 minutes to Williston, 15 minutes to HITS, and 24 minutes to The World Equestrian Center. Zoning is A-RR.
The existing bar and entertainment configuration makes the property a practical fit for an owner-operator looking to revive a hospitality concept, or for an investor seeking a distinctive turnkey platform. The sale notes that contents of the building do convey, while the 4/2 mobile home needs much work. With three RV sites and on-site support structures, the site can support a range of use ideas that build on the property’s established entertainment-oriented layout.
Key Highlights
- 2.5‑acre property on Hwy 41 with 650 ft frontage, including a 2,664‑sf former saloon/bar building
- Indoor bar setup with live entertainment stage plus game room/pool area, drink cooler, kitchenette, and seating areas
- Covered outdoor bar and covered outdoor stage with electrical for entertainment, with walk‑in coolers and shaded sit areas
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.0k | $16.80 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $36.8k | $15.88 |
| − OpEx | −$9.2k | −$3.97 |
| NOI | $27.6k | $11.91 |
