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    15551 Us Highway 301 Citra, FL 32113

    For Sale
    $800,000

    High-traffic location, lucrative automotive repair business included.

    Property size:
    3,062 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 2.4-acre commercial property, located at 15551 N US Highway 301 in Citra, Florida, presents a unique investment opportunity. The property boasts a 3,062 square foot building currently operating as a thriving automotive repair shop and tow yard, complete with three bays, ample parking, and a dedicated office space. All equipment, including the tow truck, is negotiable. The business benefits from a newly installed (2018) 200-amp electrical system with separate meters for the home and business, plus security lighting. A significant advantage is the B-4 zoning, allowing for a wide range of uses including, but not limited to, a shopping center, sports arena, contractor yard, storage facility, or even a skate ring. The property also includes a move-in ready, gated double-wide mobile home with three bedrooms and two bathrooms. Situated on the busy four-lane Highway 301, this location enjoys high visibility and significant daily traffic (13,300 vehicles). This property is considered part of the Ocala metropolitan area, a growing market with a population of 61,719 (2020) and an annual growth rate of 1.06%. The asking price is $800,000, with an estimated net operating income (NOI) of $64,269 annually, yielding an estimated capitalization rate of 13%. This is a turnkey operation with substantial upside potential. Don't miss this chance to own a thriving business in a prime location.

    Property Features for 15551 Us Highway 301

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,062 SF
    Lot Size
    104,544 SF

    Building Details

    Year Built
    1994
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BFE AUTO REPAIR ... Repair Service

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Food Market HVAC Service Grocery Store Pet Supply Store Supermarket

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Citra
    County
    Marion
    State
    Florida
    Longitude
    -82.13081
    Latitude
    29.37594

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, lucrative automotive repair business included.
    Where is this commercial real estate located?
    The property is located at 15551 Us Highway 301 Citra, FL.
    What is the asking price?
    The asking price for this property is $800,000.
    (352) 426-8934
    Request Owner's contact information
    15551 Us Highway 301 Citra, FL 32113
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    Citra, FL 32113
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15551 Us Highway 301 Citra, FL 32113
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