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Property profile & analytics
OFF-MARKET
Land

16223 Highway 19 Cross City, FL 32628

26.24 ac lot
Property ID
US18-6317641
Property summary
AI-generated overview

This exceptional 26.24-acre vacant land parcel presents a prime opportunity for multi-family development in the thriving Cross City, Florida market. Located at 16223 SE Hwy 19, this site boasts high visibility and convenient access with direct frontage on US Highway 19. The property's permitted zoning is PD, making it ideally suited for a variety of multi-family projects, such as single-floor condos or similar developments. Preliminary estimations suggest the potential for approximately 150 units. Its strategic location offers significant advantages, including proximity to key amenities and transportation hubs. A mere four-minute drive separates the property from the Cross City Airport, ensuring easy access for residents and visitors. Furthermore, its position directly across from Dixie County High School adds to its appeal and potential for attracting residents. The site benefits from its central location within Florida, placing it within a convenient driving distance of several major cities. Gainesville and Ocala are each just over an hour away, while Tallahassee and Tampa are approximately two hours away. The property's APN is 04-10-12-0000-1515-0000. The asking price for this remarkable development opportunity is $697,500. This represents a compelling investment prospect in a rapidly growing area of Florida.

Property profile
Verified
Property type Land
Lot 26.24 ac (1,143,014 SF)
UPID US18-6317641
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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