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    Property profile & analytics
    FOR SALE
    Commercial real estate

    503 SW Genoa Way Madison, FL 32340

    31.59 ac lot
    Entity Owned 7-yr Hold
    Property ID
    US18-5302776
    503 SW Genoa Way, Madison, FL 32340 For Sale 1 / 42
    $1,200,000
    503 SW Genoa Way, Madison, FL 32340
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    Property summary
    AI-generated overview

    This exceptional 31.59-acre commercial property in Madison County, Florida, boasts unparalleled highway visibility and accessibility. Located directly off I-10 exit 258, this Highway Interchange-zoned land offers two convenient points of entry and exit, maximizing exposure and ease of access. The property features a picturesque pond ideal for fishing and kayaking, adding recreational appeal and potential development opportunities. Existing improvements include storage sheds and a well, providing immediate utility. The site has received conditional approval for an RV resort, showcasing its potential for a thriving tourism-based venture. With over 1900 feet of I-10 frontage, this property offers exceptional visibility to a high volume of daily traffic. This versatile land presents a unique opportunity for various commercial developments, recreational uses, or a combination thereof. The existing infrastructure, including the pond, sheds, and well, significantly reduces initial development costs. The property's location and zoning make it an attractive investment for entrepreneurs seeking high-traffic exposure and a tranquil setting. Additional acreage may be available. Asking price is $1,200,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 31.59 ac (1,376,060 SF)
    UPID US18-5302776
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ow Proline LLC · 7 yrs held
    Ow Proline LLC
    since 2019
    2 recorded transactions
    2023
    Price N/A
    2019
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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