Property profile

0 Highway 464B Morriston, FL 32668

OFF-MARKET
Land
420.87 ac lot
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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

Location

Highway 464B Morriston, FL 32668
Morriston metro
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Value estimations

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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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