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542289 Lem Turner Rd Callahan, FL 32011

OFF-MARKET Land Google Maps
11.2 ac lot
Estimated value
No estimation on file for this property yet.
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 Land
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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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