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    16175 Us 301 Summerfield, FL

    For Sale
    $1,499,999

    Seven acres with commercial potential near upcoming Veteran’s Administration hospital.

    Lot size:
    7.00 Acres

    Property Features for 16175 Us 301

    General Information

    Lot size
    7.00 Acres

    Source: Boyd Real Estate Group Agent Erin Freel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near Future Hospital

    This seven-acre property is offered for sale with commercial potential. It is located near the intersection of Highway 301 and Highway 42 in Marion County. The property is contiguous to the 16-acre site on the northwest corner, which is under consideration as a potential location for a new Veteran’s Administration (VA) hospital. The planned hospital is projected to be approximately 150,000 square feet and include nearly 900 parking spaces. Across the street, on the southwest corner of the intersection, the new Marion County Medical Examiner’s Office is slated to begin construction in the summer of 2024. A new 7-Eleven is planned for the neighboring hard corner. The property includes a 2,034-square-foot home built in 1975, described as structurally sound and tidy.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.0516102
    Latitude
    28.9854033

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    FAQs

    What type of property is this?
    Commercial land - Seven acres with commercial potential near upcoming Veteran’s Administration hospital.
    Where is this commercial land located?
    The property is located at 16175 Us 301 Summerfield, FL.
    What is the asking price?
    The asking price for this property is $1,499,999.
    What are key features of this property?
    This property features: - Seven-acre property with commercial potential near Hwy 301 and Hwy 42.; - Contiguous to a 16-acre site being considered for a new Veteran's Administration (VA) hospital.; - Proximity to the planned Marion County Medical Examiner’s Office.
    (352) 861-2248
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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.

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    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.

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    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
    16175 Us 301 Summerfield, FL
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