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    16890 Highway 40 Silver Springs, FL 34488

    For Sale
    $139,500

    Lakefront acreage, Hwy 40, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.17-acre commercial land parcel presents a unique investment opportunity in the thriving Marion County, Florida market. Strategically located off Highway 40, between Ocala and Daytona Beach, this property boasts significant frontage on a high-traffic roadway, experiencing a daily count of 10,000 to 15,000 vehicles. Its lakefront position adds significant appeal and potential for various development concepts. The B2 zoning allows for flexibility in development, including drive-through businesses, restaurants, or even mobile home spaces. The property's location offers easy access to major transportation routes, ensuring high visibility and accessibility for potential businesses. A key advantage is the absence of impact fees, reducing initial development costs. The proximity to a neighboring community provides the option of offering memberships to residents, creating additional revenue streams. This property is ideal for entrepreneurs and investors seeking a high-visibility location with significant development potential in a rapidly growing area. The combination of high traffic, lakefront access, and flexible zoning makes this a truly exceptional opportunity.

    Property Features for 16890 Highway 40

    General Information

    Property type
    Land

    HighLights

    • 2.17‑acre commercial land parcel in Silver Springs, FL, priced at $139,500.
    • Located on Hwy 40 in Marion County, offering high visibility with 10,000‑15,000 cars per day.
    • Lakefront property with B2 zoning.
    • No impact fees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Springs
    County
    Marion
    State
    Florida
    Longitude
    -81.8706235
    Latitude
    29.1619784

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    FAQs

    What type of property is this?
    Land - Lakefront acreage, Hwy 40, high traffic.
    Where is this land located?
    The property is located at 16890 Highway 40 Silver Springs, FL.
    What is the asking price?
    The asking price for this property is $139,500.
    What are key features of this property?
    This property features: 2.17-acre commercial land parcel in Silver Springs, FL, priced at $139,500.; Located on Hwy 40 in Marion County, offering high visibility with 10,000-15,000 cars per day.; Lakefront property with B2 zoning.
    Request Owner's contact information
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    Silver Springs, FL 34488
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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
    16890 Highway 40 Silver Springs, FL 34488
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