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Property profile & analytics
FOR SALE
Commercial real estate

6415 Highway 42 SE Summerfield, FL 34491

7 ac lot
Property ID
US18-1989132
Property summary
AI-generated overview

This exceptional 7-acre commercial land parcel presents a unique investment opportunity in rapidly developing Summerfield, Florida. Located near the intersection of Hwy 301 and Hwy 42 in Marion County, this A1-zoned property is directly adjacent to a 16-acre site currently under consideration as the location for a new, approximately 150,000 square foot Veteran's Administration hospital with nearly 900 parking spaces. The property's strategic location benefits from its proximity to a new Marion County Medical Examiner's Office (slated for construction in Summer 2024) and a planned 7-Eleven, both situated at the neighboring intersection corners. The property includes a 2,034 square foot, structurally sound home built in 1975, offering potential for immediate income or future redevelopment. The asking price is $1,499,999, and the APN is 48380-000-00. This presents a compelling investment opportunity given the significant growth anticipated in the area due to the new VA hospital and surrounding commercial development. The property's size and zoning make it ideal for a variety of commercial uses, capitalizing on the increased traffic and demand generated by the new medical facilities and the overall expansion of the community. Don't miss this chance to secure a prime piece of real estate in a high-growth area.

Property profile
Verified
Property type Commercial real estate
Lot 7 ac (304,920 SF)
APN 48380-000-00
UPID US18-1989132
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
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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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