15551 Us Highway 301 Citra, FL 32113
- Commercial real estate
- 3,062 SF
- 2.40 lot acres
Current Use by Public Records
- BFE AUTO REPAIR - We buy Cars & Trucks, NEW & USED TIRES, Towing & Storage / Repair Service
Property Details for 15551 Us Highway 301
- Year built
- 1994
- Lot size
- 2.40 lot acres
- Property size
- 3,062 SF
- Property type
- Commercial real estate
Description
This exceptional 2.4-acre commercial property, located at 15551 N US Highway 301 in Citra, Florida, presents a unique investment opportunity. The property boasts a 3,062 square foot building currently operating as a thriving automotive repair shop and tow yard, complete with three bays, ample parking, and a dedicated office space. All equipment, including the tow truck, is negotiable. The business benefits from a newly installed (2018) 200-amp electrical system with separate meters for the home and business, plus security lighting. A significant advantage is the B-4 zoning, allowing for a wide range of uses including, but not limited to, a shopping center, sports arena, contractor yard, storage facility, or even a skate ring. The property also includes a move-in ready, gated double-wide mobile home with three bedrooms and two bathrooms. Situated on the busy four-lane Highway 301, this location enjoys high visibility and significant daily traffic (13,300 vehicles). This property is considered part of the Ocala metropolitan area, a growing market with a population of 61,719 (2020) and an annual growth rate of 1.06%. The asking price is $800,000, with an estimated net operating income (NOI) of $64,269 annually, yielding an estimated capitalization rate of 13%. This is a turnkey operation with substantial upside potential. Don't miss this chance to own a thriving business in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Citra
- County
- Marion
- State
- Florida
- Longitude
- -82.13081
- Latitude
- 29.37594
