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    Highway 42 Summerfield, FL 34491

    For Sale
    $2,500,000

    16 Acres, B-4 Zoning, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 16-acre parcel, located at 301/42 SE Highway 42 in Summerfield, Florida (zip code 34491), presents a remarkable investment opportunity. Boasting a total area of approximately 717,868 square feet, this property is zoned B-4, making it suitable for a variety of commercial and residential uses. The land is strategically situated along a rapidly expanding corridor in Marion County, offering excellent visibility and accessibility. With over 1282 linear feet of frontage on US 301 and an additional 556 linear feet along Highway 42, this property provides significant exposure to high traffic volumes. The asking price is $2,500,000, translating to a land value of $3.59 per square foot. A smaller, 2.12-acre hard corner is also available at a bulk price of $12.00 per square foot. Its proximity to The Villages further enhances its appeal and potential for future development. This prime location offers easy access to major transportation routes, making it an ideal site for businesses seeking high visibility and convenient access for customers and employees. The property's size and zoning provide ample flexibility for a wide range of development possibilities. This is a rare opportunity to acquire a significant land holding in a thriving area of Florida.

    Property Features for 0 Highway 42

    General Information

    Property type
    Land
    Lot Size
    696,960 SF

    HighLights

    • High‑traffic highway visibility.
    • Excellent ingress/egress.
    • Proximity to The Villages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.0329925
    Latitude
    28.9821022

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    FAQs

    What type of property is this?
    Land - 16 Acres, B-4 Zoning, High Growth Area
    Where is this land located?
    The property is located at Highway 42 Summerfield, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: High-traffic highway visibility.; Excellent ingress/egress.; Proximity to The Villages.
    (352) 895-9040
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    Highway 42 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
    Highway 42 Summerfield, FL 34491
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