9946 Us-441 Belleview, FL 34420
This exceptional 6.59-acre commercial land parcel in Belleview, Florida, presents a remarkable investment opportunity. Located on US Highway 441, the property boasts over 500 feet of high-traffic road frontage, ensuring excellent visibility and accessibility. Currently zoned B-5 (with a pending application to extend B-5 zoning across all three parcels, expected completion around May 21, 2024), this site offers a multitude of development possibilities. The property includes existing structures, comprising a mobile home generating $1600 monthly income, motel office suites yielding $6000 monthly, and a storage yard contributing $1000 monthly. These existing income streams provide immediate return on investment. An existing billboard and a transferable communications tower lease add further value. The property's strategic location is less than a quarter-mile from a newly constructed Publix and Mavis Tire, enhancing its commercial appeal. The site's versatility allows for various uses, including flex warehouse space, RV or personal storage, equipment sales, cold storage, moving and trucking operations, and utility service yards. The property's position at the corner of SE 100th Street provides secondary access to Cobblestone North and Cobblestone Phase II, further increasing its potential. Adjacent properties include a towing company and car wash, indicating a thriving commercial environment. The asking price is $2,250,000. APN: 36862-000-00. Ownership is held by an LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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