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    OFF-MARKET
    Commercial real estate

    542289 Lem Turner Rd, Callahan, FL 32011

    11.2 ac lot
    Property ID
    US18-2268473
    Property summary
    AI-generated overview

    This exceptional 11.2-acre residential land parcel, located at 542289 Lem Turner Rd, Callahan, FL 32011, presents a compelling investment opportunity. Zoned RMD, allowing for 6-10 units per acre, it's ideally suited for townhome or duplex development, or a build-for-rent project. The property boasts a prime location with frontage on Lem Turner Road, offering convenient access to the thriving town of Callahan and its family-friendly atmosphere, excellent schools, and affordable home values. Commuting is a breeze, with key employment centers in northern Duval County, including major ports and corporate facilities like Amazon's fulfillment center, just 15 minutes away. Recreational opportunities abound, with the beautiful beaches of Amelia Island and Fernandina Beach a short 20-minute drive west on SR 200. Extensive due diligence materials are available, including an annexation ordinance, water and sewer connectivity letter, Phase I environmental report, endangered species survey, topographical survey, and geotechnical reports, streamlining the development process. Priced at $1,500,000 ($133,928/acre), this rare opportunity offers significant potential for substantial returns. Nassau County location provides access to excellent schools and a family-friendly community. Wetlands delineation is complete, and the seller is securing a wetlands permit. The seller will provide time for completing necessary due diligence and securing development plan/permit approvals.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 11.2 ac (487,872 SF)
    UPID US18-2268473
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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