11109 Us Highway 301 Waldo, FL 32694
This exceptional 7.99-acre property in Waldo, Florida, presents a compelling investment opportunity. Located on US Highway 301, it boasts 412 feet of high-visibility frontage, ensuring significant exposure to the over 20,000 vehicles traveling this major thoroughfare daily. The property includes a 6,904 square-foot freestanding building, approximately 5,000 square feet of which is climate-controlled and under air. This building previously included a 1,583 square-foot living area with a kitchen and full bathroom. The property is comprised of two parcels: a 2.31-acre commercial parcel with the building and a 5.68-acre vacant agricultural parcel. Both parcels are included in the sale. The commercial parcel is zoned for Automotive Oriented Business (BA), but the zoning allows for a variety of commercial uses. The agricultural parcel has a septic tank and drain field and is zoned for Timber. The asking price is $535,000, or $107 per square foot. Built in 1976, this single-story building offers significant potential for various commercial ventures. Its proximity to Gainesville Raceway, a popular destination for racing events, further enhances its appeal. The property is currently vacant and ready for immediate occupancy. Buyer to perform all due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.