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    16000 97Th Terrace Rd Summerfield, FL 34491

    For Sale
    $2,000,000

    4.13 Acres, Hwy 441 Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.13-acre commercial land parcel presents a remarkable investment opportunity in the thriving Summerfield, Florida market. Located at 16000 SE 97th Terrace Road, this property boasts unparalleled visibility and high traffic counts due to its prime location directly on US Highway 441. The B-2 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high exposure. The land is priced at $2,000,000, translating to a land value of $6.48 per square foot. This strategic location offers significant advantages, particularly given its proximity to the soon-to-be-completed Sunset Hills residential subdivision, a 330-lot development that will further enhance the area's commercial viability and attract a substantial customer base. The property's size and highway frontage provide ample space for development, making it an attractive prospect for businesses seeking a prominent presence in a rapidly growing community. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a prime location with excellent growth potential. Don't miss this chance to secure a piece of Summerfield's vibrant future. The property is situated in Marion County, Florida, zip code 34491.

    Property Features for 16000 97Th Terrace Rd

    General Information

    Property type
    Land
    Lot Size
    179,903 SF

    HighLights

    • $2,000,000 asking price for 4.13 acres of commercial land.
    • B‑2 zoning.
    • Located at 16000 SE 97th Terrace Road, Summerfield, FL 34491.
    • Land value: $6.48/SF.
    • High‑traffic Hwy 441 frontage with excellent visibility; adjacent to a new 330‑lot residential subdivision.
    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 Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -81.991731
    Latitude
    28.989749

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    FAQs

    What type of property is this?
    Land - 4.13 Acres, Hwy 441 Frontage, High Traffic
    Where is this land located?
    The property is located at 16000 97Th Terrace Rd Summerfield, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for 4.13 acres of commercial land.; B-2 zoning.; Located at 16000 SE 97th Terrace Road, Summerfield, FL 34491.
    (352) 895-9040
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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
    16000 97Th Terrace Rd Summerfield, FL 34491
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