16223 Highway 19 Cross City, FL 32628
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.