18585 Highway 441 Micanopy, FL 32681
- Land
- 9,935 SF
- 6.25 lot acres
Current Use by Public Records
- Land
Property Details for 18585 Highway 441
- Year built
- 1957
- Lot size
- 6.25 lot acres
- Property size
- 9,935 SF
- Property type
- Land
- Property subtype
- Hospitality properties
Description
This exceptional 6.25-acre property, located at 18585 N Highway 441 in Orange Lake, Florida (zip code 32681), presents a unique investment opportunity. The site boasts a prominent location on Highway 441, ensuring high visibility and easy accessibility. The property includes a former motel, now closed, comprising seven separate structures: five duplexes and two single-unit buildings, totaling 8 units. These structures sit on a significant portion of the land, offering substantial redevelopment potential. Adding to the versatility, a commercial space situated on the northwest corner of the property is currently under lease, generating existing income. The entire property encompasses 9,935 square feet and is zoned B-2 Community Business, allowing for a range of commercial and mixed-use development possibilities. Built in 1957, the property consists of sixteen buildings, all single-story structures. The Marion County APN is 03027-000-00. The asking price is $650,000, translating to $65.43 per square foot. This property offers a compelling blend of existing income and significant future development potential, making it an attractive investment in a high-traffic location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Micanopy
- County
- Marion
- State
- Florida
- Longitude
- -82.2183
- Latitude
- 29.4291