For Sale
$3,200,000

11580 StBelleview, FL 34420

15-Acre Development Site, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity in Belleview, Florida. This 15-acre site, zoned B-5, offers 180,000 square feet of existing warehouse space and significant development potential. The permitted zoning allows for self-storage and parking as a matter of right, with no site plan submission required. Up to 325,000 square feet of development is permissible, with a 50% Floor Area Ratio (FAR). The property boasts a pro-forma Net Operating Income (NOI) of $1,700,000 and is offered at an asking price of $3,200,000 fee simple. Strategically located between The Villages and Ocala, this site benefits from the substantial growth experienced in both communities. The area's popularity is further evidenced by its ranking as a top growth city by U-Haul. The property's proximity to the largest Camping World in the US adds to its appeal. This is an owner/user opportunity with significant upside potential. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. Serious inquiries only.

Highlights

  • Exceptional investment opportunity in Belleview, FL.
  • 15-acre site, B-5 zoning, with 180,000 SF existing warehouse.
  • Permitted uses include self-storage and parking, no site plan needed.
  • Up to 325,000 SF development potential (50% FAR).
  • $1,700,000 projected NOI, $3,200,000 asking price, fee simple.

Property Details for 11580 St

Property type
Warehouses, Self storage facilities
Square Feet
180,000 SF
Lot Size (sq. ft)
653,400 SF

Location Insight

City
Belleview
County
Marion
State
Florida
Latitude
29.05422496
Longitude
-82.04135072
11580 St, Belleview, Florida

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11580 St
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