18585 Highway 441Micanopy, FL 32681

Property Details for 18585 Highway 441

Year built

1957

Lot size

6.25 AC

Property size (Sq ft)

9,935 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Micanopy

County

Marion

State

Florida

Latitude

29.4291

Longitude

-82.2183

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