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    6415 Highway 42 Summerfield, FL 34491

    For Sale
    $1,499,999

    Seven-acre tract, high-traffic location, commercial potential.

    Property size:
    2,034 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional seven-acre mixed-use property presents a unique investment opportunity in the rapidly developing Summerfield, Florida area. Strategically located near the intersection of Highway 301 and Highway 42 in Marion County, this property boasts significant commercial potential due to its proximity to major infrastructure projects. Immediately adjacent is a sixteen-acre parcel slated for a new Veterans Administration (VA) hospital, a substantial 150,000 square foot facility with nearly 900 parking spaces. Across the street, a new Marion County Medical Examiner's Office is scheduled to commence construction in Summer 2024, and a new 7-Eleven is planned for the adjacent corner. This confluence of significant developments promises substantial future growth and increased property value. The property itself includes a 2,034 square foot single-family home built in 1975. While the home is dated, it remains structurally sound and in tidy condition, offering immediate income potential or the possibility of future redevelopment. This is a rare opportunity to acquire a large parcel in a high-growth area with established and planned infrastructure improvements, making it ideal for investors seeking significant long-term returns. The property's location and surrounding development create a compelling case for a variety of commercial uses.

    Property Features for 6415 Highway 42

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,034 SF
    Lot Size
    304,920 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Hotel & Motel Department Store Kitchen & Bath Food Market Storage Facility Bar & Pub Grocery Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.04531
    Latitude
    28.98407

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    FAQs

    What type of property is this?
    Mixed-use property - Seven-acre tract, high-traffic location, commercial potential.
    Where is this mixed-use property located?
    The property is located at 6415 Highway 42 Summerfield, FL.
    What is the asking price?
    The asking price for this property is $1,499,999.
    (352) 861-2248
    Request Owner's contact information
    6415 Highway 42 Summerfield, FL 34491
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    Summerfield, FL 34491
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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
    6415 Highway 42 Summerfield, FL 34491
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