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    OFF-MARKET
    Land

    0 Highway 464B, Morriston, FL 32668

    420.87 ac lot
    Property ID
    Property summary
    AI-generated overview

    This expansive 420.87-acre property in Marion County, Florida, presents a unique investment opportunity. Located in the heart of Ocala's Horse Country and Farmland Preservation Area, this land boasts convenient access to renowned equestrian facilities. A mere 4.7 miles from the HITS Winter Circuit and 11.1 miles from the World Equestrian Center, this location offers unparalleled convenience for equestrian enthusiasts. The property features three unique former phosphate excavations, now thriving ecosystems teeming with diverse flora, including ferns, sweetgum, pine, and oak trees. Zoned A-1, this land offers significant potential for various uses, including agricultural and recreational pursuits. The asking price is $7,786,095, translating to $18,500 per acre. This exceptional offering is available for the first time in over 63 years, providing a rare chance to own a substantial piece of Florida's equestrian heritage. The property includes frontage on Highway 464B and notably, contains no wetlands. The APN numbers are 12202-000-00, 12186-000-00, and 12199-002-01. This is a remarkable opportunity to acquire a large, versatile tract of land in a highly desirable location. The property's history traces back to 1960 when it was acquired by James T. Goethe. Its current availability marks a significant moment for potential buyers seeking a substantial landholding in Florida's renowned horse country.

    Property profile
    Verified
    Property type Land
    Lot 420.87 ac (18,333,097 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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