18585 Highway 441Micanopy, FL 32681

This exceptional 6.25-acre property, located at 18585 N Highway 441 in Orange Lake, Florida (zip code 32681), presents a unique investment opportunity. The site boasts a prominent location on Highway 441, ensuring high visibility and easy accessibility. The property includes a former motel, now closed, comprising seven separate structures: five duplexes and two single-unit buildings, totaling 8 units. These structures sit on a significant portion of the land, offering substantial redevelopment potential. Adding to the versatility, a commercial space situated on the northwest corner of the property is currently under lease, generating existing income. The entire property encompasses 9,935 square feet and is zoned B-2 Community Business, allowing for a range of commercial and mixed-use development possibilities. Built in 1957, the property consists of sixteen buildings, all single-story structures. The Marion County APN is 03027-000-00. The asking price is $650,000, translating to $65.43 per square foot. This property offers a compelling blend of existing income and significant future development potential, making it an attractive investment in a high-traffic location.