Commercial Land with Existing
1859 E C 470 Sumterville, FL 33585
1859 E C 470, Sumterville, FL, 33585
$699,000
For Sale
$699,000
Commercially zoned land along Highway 470 with existing house and public water lines at the frontage.
Property Size3,331 SF
Price / SF$209.85
Days on Market222
Property Features for 1859 E C 470
General Information
- Standard status
- Active
- Size
- 3,331 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1967
Listing agency
FLAMINGO REAL ESTATE & MNGMT
(352) 689-1000
Listed by
Bradley Werlin II · License #3494653
Source
Xome
Added: Dec 12, 2025 Updated: Jul 21 at 7:41PM Checked: Jul 21 at 7:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLAMINGO REAL ESTATE & MNGMT
Investment Insights
Based on property information with market context.
This commercial land offering includes over 2 acres with an existing house on-site that can be remodeled for commercial standards. The property is positioned along the edge of highly traveled Highway 470, designed to support visibility and straightforward access for future development.
The site is zoned C-2 within the City of Bushnell Zoning District, which provides flexibility for a broad variety of commercial uses, including retail, office, and service business development. Public water lines run directly along Highway 470 in front of the property, supporting an efficient path for future utilities.
With the opportunity to adapt the existing house and develop additional improvements under the C-2 zoning framework, this property can suit a range of commercial plans in a corridor that is seeing ongoing industrial and commercial development.
The site is zoned C-2 within the City of Bushnell Zoning District, which provides flexibility for a broad variety of commercial uses, including retail, office, and service business development. Public water lines run directly along Highway 470 in front of the property, supporting an efficient path for future utilities.
With the opportunity to adapt the existing house and develop additional improvements under the C-2 zoning framework, this property can suit a range of commercial plans in a corridor that is seeing ongoing industrial and commercial development.
Key Highlights
- Commercially zoned property on over 2 acres along Highway 470 in Sumterville, FL
- Zoned C‑2 (City of Bushnell Zoning District), allowing a broad variety of commercial uses
- Public water lines run along Highway 470 at the property frontage
Local Financial Insights For Office B
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 | $83.1k | $24.96 |
| − Vacancy | −$15.0k | −$4.49 |
| EGI | $68.2k | $20.47 |
| − OpEx | −$17.0k | −$5.12 |
| NOI | $51.1k | $15.35 |
3,331 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$730.5K
$639.2K – $852.2K
NOI $51,132 @ 7.0% cap · market cap 7.32%
Second Best
Retail
$537.8K
$470.6K – $627.5K
NOI $37,648 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$953.6K
$834.4K – $1.11M
NOI $66,753 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercially zoned land along Highway 470 with existing house and public water lines at the frontage.
Where is this commercial land located?
The property is located at 1859 E C 470 Sumterville, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Commercially zoned property on over 2 acres along Highway 470 in Sumterville, FL; Zoned C‑2 (City of Bushnell Zoning District), allowing a broad variety of commercial uses; Public water lines run along Highway 470 at the property frontage
