9429 Us Highway 27Fort White, FL 32038

Property Details for 9429 Us Highway 27

Year built

1974

Construction

FRAME

Lot size

2.00 AC

Property size (Sq ft)

3,567 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

29-6S-16-03969-005

APU

296S1603969005

Description

Exceptional investment opportunity: Sweetwater Campground, a fully entitled 14-unit turnkey RV park in Fort White, Florida (32038), is now available for $2,750,000. This Class B property boasts a 75% occupancy rate, generating a Pro-Forma NOI of $328,056 and a Pro-Forma Cap Rate of 11.93%. Situated on 2 acres near the popular Ichetucknee Springs, this prime location ensures high demand. The property includes 14 fully furnished cabins, offering immediate revenue generation from camping fees and potential for additional amenities. The property is zoned A-3 and features a convenient location on 9429 SW US Highway 27. The asking price of $2,750,000 equates to $196,428.57 per unit. This turnkey operation presents a compelling investment opportunity with a strong potential for return. Fully entitled plans and land-only options are also available. The APN is 29-6S-16-03969-005. This is a rare opportunity to acquire a thriving RV park in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,132,332

  6.5%

  $1,045,229

  7%

  $970,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $611,331

  Geo Method

  $611,331

• Alternative Use

  Use

  Valuation

  Residential

  $881,690

  Hospitality

  $807,623

  Educational

  $671,933

  Medical

  $695,042

  Retail

  $1,045,229

Location Insight

City

Fort White

County

Columbia

State

Florida

Latitude

29.939

Longitude

-82.7364

CBSA code

29380

CBSA name

LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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