0 Highway 182, Jay, FL 32565
This exceptional 41.58-acre property in Santa Rosa County, Florida, presents a unique investment opportunity. Located in the Chumuckla Community of Jay, Florida, this land boasts 1110 feet of paved frontage on Highway 182, ensuring excellent visibility and accessibility. The property is zoned AG-RR (Rural Residential Agriculture District), allowing for low-density residential development with a potential of one dwelling unit per acre, alongside agricultural uses. Currently farmed, crops will be removed by year's end. Its strategic location offers easy access to Interstate 65 (35 miles) and Interstate 10 (20 miles), providing seamless connectivity to major transportation arteries. The property is situated just four miles from the University of Florida Agricultural Research Center and is conveniently located near the towns of Jay (15 minutes north) and Pace (south), offering proximity to urban amenities. The property's abundant acreage allows for various development options, including the creation of spacious estates or a farming enterprise. The land can be divided into smaller tracts, with options including a 21.16-acre tract fronting Hwy 182 and a 16.66-acre tract accessible from Salter Road. The asking price is $698,760, with a price per acre of $16,805.19. The APN is 13-3N-30-0000-01800-0000 less 16.4 acres. Ownership is fee simple. This property offers a blend of rural living with convenient access to major transportation routes and urban conveniences. GPS coordinates can be used to locate the property near 2995 Hwy 182, Jay, FL.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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