FL > Summerfield
Summerfield, FL 34491,16340 & 16264 S HIGHWAY 475 HWY

$1,618,000

$1,699,000

4.8%
Est.Price: ?

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Est. payment /mo

1,967 SqFt

SOLD DATE : 02/20/2025

Key Details

Sold Price $1,618,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,967 sqft

Price per Sqft $822

MLS Listing ID G5067987

Sold Date 02/20/25

Construction Status Completed

HOA Y/N No

Originating Board Stellar MLS

Year Built 1990

Annual Tax Amount $9,828

Lot Size 6.780 Acres

Acres 6.78

Property Sub-Type Mixed Use

Property Description

Offering is an Excellent Investment - Income property!! 6.5% CAP Rate with a Great Tenant and long successful history at location. Site has 2 buildings on 6.78+/- Acres, completely fenced and gated, zoned B-5 & A-1, Marion County. The first bldg is a 1,904+/- SF former concrete block residence that has been converted to a very attractive commercial office administrative building with many private offices, large waiting - admin area, break room, restrooms, large class room or conference room. The 2nd bldg is a 12,000+/-SF Metal bldg with newer 2017 roof, 6 grade level overhead roll-up doors, large circular drive for easy access for semi-truck's with trailers, multiple private offices, restrooms, additional mezzanine storage and lighted signage. Property is on well and septic and immaculately maintained inside and out. Location is in the heart of Central Florida, an hour from Orlando and 30 minutes to Ocala or The Villages and minutes from I-75 Bellview Exit 341. Do not enter property without an appointment. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice.

Location

State FL

County Marion

Zoning B5 & A1

Interior

Heating Central

Cooling Office Only, Central Air

Exterior

Parking Features Parking Spaces - 6 to 12, Common

Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Water Connected

Building

Lot Description Oversized Lot, Retention Areas, Paved

Story 1

Foundation Slab

Lot Size Range 5 to less than 10

Sewer Septic Tank

Structure Type Concrete,Metal Frame,Metal Siding

New Construction false

Construction Status Completed

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Josh Cotton

Josh Cotton

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Stellar MLS

© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.

Listed by GRIZZARD COMMERCIAL REALESTATE
Bought with BOYD REAL ESTATE LLC
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