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    2878 340Th St Old Town, FL 32680

    For Sale
    Contact for pricing

    37 Acres, Suwannee Riverfront, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 37-acre property in Old Town, Florida, boasts nearly half a mile of Suwannee River frontage. Currently operating as a recreational park, it features water slides, a karaoke stage, volleyball courts, treehouses, rope swings, waterfalls, and more. Existing infrastructure includes a 2,444 sq. ft. amenity center, three pavilions, public restrooms, three entrances, and two boat ramps. Zoned REZ, the property is ideally suited for expansion into RV sites, camping, or vacation rentals, capitalizing on strong demand for overnight accommodations. Its location near Ginnie and Gilchrist Blue Springs, and an hour from Gainesville and Lake City, ensures high visibility and accessibility. This established recreational destination presents a unique opportunity for significant growth and return on investment, leveraging its existing popularity and stunning natural setting along the picturesque Suwannee River. The property's blend of natural beauty, existing amenities, and high demand for recreational activities in this hidden gem of North Florida makes it a compelling investment opportunity.

    Property Features for 2878 340Th St

    General Information

    Property type
    Specialty properties
    Lot Size
    1,611,720 SF

    HighLights

    • 37‑acre recreational park with nearly half a mile of Suwannee River frontage in Old Town, Florida.
    • Existing infrastructure includes a 2,444 sq. ft. amenity center, three pavilions, restrooms, three entrances, and two boat ramps. Features water slides, a karaoke stage, volleyball courts, treehouses, and rope swings.
    • Zoned REZ, allowing for expansion into RV sites, camping, or vacation rentals.
    • High visibility and accessibility, near Ginnie and Gilchrist Blue Springs, and an hour from Gainesville and Lake City.
    • Strong potential for significant growth and return on investment due to existing popularity and high demand for recreational accommodations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Food Market Storage Facility Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -82.9239816
    Latitude
    29.7948495

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    FAQs

    What type of property is this?
    Specialty property - 37 Acres, Suwannee Riverfront, Huge Potential
    Where is this specialty property located?
    The property is located at 2878 340Th St Old Town, FL.
    What are key features of this property?
    This property features: 37-acre recreational park with nearly half a mile of Suwannee River frontage in Old Town, Florida.; Existing infrastructure includes a 2,444 sq. ft. amenity center, three pavilions, restrooms, three entrances, and two boat ramps. Features water slides, a karaoke stage, volleyball courts, treehouses, and rope swings.; Zoned REZ, allowing for expansion into RV sites, camping, or vacation rentals.
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    Old Town, FL 32680
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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
    2878 340Th St Old Town, FL 32680
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