11580 StBelleview, FL 34420

Property Details for 11580 St

Lot size

15.00 AC

Property size (Sq ft)

180,000 SF

Property type

Warehouses

Property subtype

Self storage facilities

Description

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.

Location Insight

City

Belleview

County

Marion

State

Florida

Latitude

29.0542

Longitude

-82.0414

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