155 Old St Augustine Rd Madison, FL 32340
- Land
- 16.92 lot acres
Current Use by Public Records
- Land
Property Details for 155 Old St Augustine Rd
- Lot size
- 16.92 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 16.92-acre property in Madison, Florida, presents a unique investment opportunity. Currently operating as a 32-room hotel and RV park, the property boasts a substantial net operating income (NOI) of $300,000 annually, yielding a 7.69% pro-forma cap rate. The asking price is $3,900,000, representing a fee-simple ownership. The RV park, while currently underperforming, offers significant upside potential with improvements underway to bring all hookups to operating standards. Alternatively, the expansive land offers diverse redevelopment possibilities. The property's zoning allows for a wide range of uses, including but not limited to: industrial outdoor storage (IOS), a convenience store, restaurant, or mobile home park. The seller is willing to assist with obtaining any necessary special exemptions following contract acceptance. This versatile property is situated at 155 SW Old St Augustine Rd, Madison, FL 32340, and presents a compelling investment opportunity with substantial potential for increased revenue and return. The property's location provides excellent access to major transportation routes and offers a strong foundation for a variety of commercial and industrial ventures. Don't miss this chance to acquire a prime piece of Florida real estate with multiple high-value development options.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Florida
- Longitude
- -83.3556
- Latitude
- 30.3921
