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    16223 Highway 19 Cross City, FL 32628

    For Sale
    $697,500

    26-Acre Residential Development Site in Florida

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 26.24-acre vacant land parcel presents a prime opportunity for multi-family development in the thriving Cross City, Florida market. Located at 16223 SE Hwy 19, this site boasts high visibility and convenient access with direct frontage on US Highway 19. The property's permitted zoning is PD, making it ideally suited for a variety of multi-family projects, such as single-floor condos or similar developments. Preliminary estimations suggest the potential for approximately 150 units. Its strategic location offers significant advantages, including proximity to key amenities and transportation hubs. A mere four-minute drive separates the property from the Cross City Airport, ensuring easy access for residents and visitors. Furthermore, its position directly across from Dixie County High School adds to its appeal and potential for attracting residents. The site benefits from its central location within Florida, placing it within a convenient driving distance of several major cities. Gainesville and Ocala are each just over an hour away, while Tallahassee and Tampa are approximately two hours away. The property's APN is 04-10-12-0000-1515-0000. The asking price for this remarkable development opportunity is $697,500. This represents a compelling investment prospect in a rapidly growing area of Florida.

    Property Features for 16223 Highway 19

    General Information

    Property type
    Land
    Lot Size
    1,143,014 SF

    HighLights

    • 26.24‑acre vacant land parcel ideal for multi‑family development in Cross City, FL.
    • High‑visibility location with US Highway 19 frontage.
    • PD zoning allows for various multi‑family projects, potentially 150 units.
    • Four‑minute drive to Cross City Airport and across from Dixie County High School.
    • Asking price: $697,500.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cross City
    County
    Dixie
    State
    Florida
    Longitude
    -83.1308403
    Latitude
    29.6370189

    Nearby Comparable

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    Nearby Similar for Sale

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      Cross City Commercial Building For Sale

      5,670 sq ft commercial building on US Hwy 19.
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      Cross City Retail Opportunity

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      Highway 19 Commercial Space

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      Cross City Commercial Gem

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    FAQs

    What type of property is this?
    Land - 26-Acre Residential Development Site in Florida
    Where is this land located?
    The property is located at 16223 Highway 19 Cross City, FL.
    What is the asking price?
    The asking price for this property is $697,500.
    What are key features of this property?
    This property features: 26.24-acre vacant land parcel ideal for multi-family development in Cross City, FL.; High-visibility location with US Highway 19 frontage.; PD zoning allows for various multi-family projects, potentially 150 units.
    Request Owner's contact information
    16223 Highway 19 Cross City, FL 32628
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    Cross City, FL 32628
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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
    16223 Highway 19 Cross City, FL 32628
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