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    OFF-MARKET
    Commercial real estate

    1 Thomas Demps Ln, Perry, FL 32347

    7.98 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7.98-acre commercial parcel presents a unique investment opportunity in Perry, Florida. Located directly behind the Westgate Motel, this property enjoys a highly desirable location adjacent to the major thoroughfare, US Highway 19. Boasting a daily traffic count of 11,227 vehicles, this land offers unparalleled visibility for any commercial venture. Its previous use as an RV campground suggests potential for redevelopment into a similar income-generating enterprise, though buyers are responsible for verifying zoning and feasibility for their intended use. The property's prime commercial setting and high traffic volume make it an attractive prospect for a variety of businesses seeking maximum exposure. While currently offered separately, this land is also available for purchase in conjunction with the adjacent Westgate Motel. The property's size and location provide ample space for development, offering significant potential for return on investment. Detailed site analysis and due diligence are recommended to fully assess the property's potential and suitability for specific commercial applications. The seller encourages prospective buyers to explore the possibilities this exceptional location offers. This is a rare opportunity to acquire a substantial commercial parcel in a high-traffic area with significant income potential. All interested parties should conduct their own independent investigation to confirm all aspects of the property and its suitability for their intended use.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 7.98 ac (347,609 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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