1536 W C 48 Bushnell, FL 33513
- Office buildings
- 1,207 SF
- 12.50 lot acres
Current Use by Public Records
- BluStar Ragdolls / Cat Breeder
- Big Bear Doodles and Poos / Dog Breeder
- Carrie's Kitties / Pet Adoption Service
- Superior Sheds & Secure RV Storage / Rv Storage Facility / Automobile Storage Facility
- ocala real estate - ocala homes | ralph mills / Real Estate Agency
Property Details for 1536 W C 48
- Year built
- 1963
- Construction
- CONCRETE
- Lot size
- 12.50 lot acres
- Property size
- 1,207 SF
- Property type
- Office buildings
- APN
- N08-018
- APU
- N08018
Description
This exceptional 12.5-acre property, located at 1536 W C 48 in Bushnell, Florida (zip code 33513), presents a compelling redevelopment opportunity. Currently utilized for outside storage and shed sales, this site offers significant potential for various uses. The property boasts a substantial 522,720 square feet and is zoned CH, allowing for diverse development options. Its strategic location on SR 48, just east of Interstate 75, provides excellent accessibility and visibility. City water and sewer services are readily available. Recent infrastructure improvements include the completion of a new four-lane road construction project, enhancing connectivity and accessibility. The property's strong financial profile includes a net operating income (NOI) of $79,974 and a cap rate of 3.08%, with an asking price of $2,600,000. The lease type is gross, and the tenancy is multi. Detailed financial information, including rent rolls, a Phase I environmental report, and a survey, are available upon execution of a confidentiality agreement. This property is ideal for investors seeking a high-return redevelopment project with potential for industrial, storage, or retail uses, benefiting from its prime location and excellent infrastructure. The APN is N08-018.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $775,000
- 6.5%
- $815,000
- 7%
- $790,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $815,000
- Retail
- $795,000
- Mixed-Use
- $895,000
- Hospitality
- $780,000
- Educational
- $775,000
- Residential Income
- $695,000
- Energy
- $715,000
- Income-Based Land
- $825,000
- Food Service
- $720,000
Location Insight
- Map
- Local Demand
- City
- Bushnell
- County
- Sumter
- State
- Florida
- Longitude
- -82.1298
- Latitude
- 28.6707
- CBSA code
- 45540
- CBSA name
- THE VILLAGES, FL MICROPOLITAN STATISTICAL AREA
