Property profile

2878 340Th St Old Town, FL 32680

OFF-MARKET
Specialty properties
37 ac lot
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Property summary

AI-generated overview

This exceptional 37-acre property in Old Town, Florida, boasts nearly half a mile of Suwannee River frontage. Currently operating as a recreational park, it features water slides, a karaoke stage, volleyball courts, treehouses, rope swings, waterfalls, and more. Existing infrastructure includes a 2,444 sq. ft. amenity center, three pavilions, public restrooms, three entrances, and two boat ramps. Zoned REZ, the property is ideally suited for expansion into RV sites, camping, or vacation rentals, capitalizing on strong demand for overnight accommodations. Its location near Ginnie and Gilchrist Blue Springs, and an hour from Gainesville and Lake City, ensures high visibility and accessibility. This established recreational destination presents a unique opportunity for significant growth and return on investment, leveraging its existing popularity and stunning natural setting along the picturesque Suwannee River. The property's blend of natural beauty, existing amenities, and high demand for recreational activities in this hidden gem of North Florida makes it a compelling investment opportunity.

Property profile

Verified
Property type Specialty properties
Lot 37 ac (1,611,720 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2878 340Th St Old Town, FL 32680
Old Town metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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