11580 Us Highway 441 Belleview, FL 34420
- Commercial real estate
- 3,750 SF
- 15.04 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 11580 Us Highway 441
- Year built
- 1996
- Construction
- WOOD FRAME
- Lot size
- 15.04 lot acres
- Property size
- 3,750 SF
- Zone code
- B5
- Property type
- Commercial real estate
- APN
- 39158-000-00
- APU
- 3915800000
Description
This exceptional 15.04-acre commercial property in Belleview, Florida, presents a unique investment opportunity. Located at 11580 SE US Highway 441, the site boasts a prime location between The Villages and Ocala, benefiting from significant ongoing development and population growth in the area. The property is zoned B-5, allowing for a wide range of uses, including the highly sought-after self-storage, boat, and RV storage facilities. Two existing concrete block warehouse buildings, measuring 3600 and 3750 square feet respectively, provide immediate income potential or serve as a foundation for future expansion. The seller is motivated and open to reasonable offers, considering options such as leasing the buildings and land, or a lease-purchase agreement with agreeable terms. The B-5 zoning allows for substantial development potential, with up to 325,000 square feet of construction permitted, subject to a 50% floor area ratio. The property's strategic location near I-75 and the largest Camping World in the US further enhances its appeal and accessibility. No site plan has been submitted, offering flexibility for future development. This is a rare opportunity to acquire a large parcel of land in a rapidly expanding market, poised for significant returns. The total building square footage is 7,350 sqft. The asking price is $3,400,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,510,000
- 6.5%
- $1,545,000
- 7%
- $1,425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,195,000
- Geo Method
- $1,490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,645,000
- Retail
- $1,475,000
- Mixed-Use
- $1,275,000
- Hospitality
- $1,480,000
- Educational
- $1,610,000
- Residential Income
- $1,370,000
- Energy
- $1,295,000
- Income-Based Land
- $1,395,000
- Food Service
- $1,640,000
Location Insight
- Map
- Local Demand
- City
- Belleview
- County
- Marion
- State
- Florida
- Longitude
- -82.0424
- Latitude
- 29.0526
- CBSA code
- 36100
- CBSA name
- OCALA, FL METROPOLITAN STATISTICAL AREA
