7904 Us Highway 301Hawthorne, FL 32640

Property Details for 7904 Us Highway 301

Year built

1952

Lot size

5.13 AC

Property size (Sq ft)

353 SF

Zone code

CG

Property type

Hospitality properties

Property subtype

Motels

APN

19897-000-000

APU

19897000000

Description

This exceptional 5.13-acre commercial property, located at 7904 US Highway 301 in Hawthorne, Florida (zip code 32640), presents a unique investment opportunity. Currently zoned Commercial General, the land boasts significant highway frontage and offers diverse development potential. While the current listing designates it for hotels/motels, the property is suitable for various uses, including RV parks (subject to city approval), apartments, or retail establishments. The site features existing power lines (meters require installation) and approximately 85% of the land is cleared, enhanced by mature trees providing a natural canopy. A 300+ square foot building is included, previously utilized as a bathhouse, laundry room, and manager's apartment, offering versatile repurposing options. City water and sewer are readily available due to the property's location within city limits. Importantly, the sale excludes any existing motel structures. Seller financing is available, making this an attractive proposition for developers and investors seeking a prime location with significant upside potential in a growing Florida market. The property's location offers easy access to US Highway 301, ensuring high visibility and convenient access for potential tenants or customers. This is a rare opportunity to acquire a substantial parcel of land with existing infrastructure and a variety of development possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $86,585

  6.5%

  $79,925

  7%

  $74,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,418

  Geo Method

  $56,418

• Alternative Use

  Use

  Valuation

  Residential

  $87,254

  Hospitality

  $79,925

  Educational

  $66,496

  Medical

  $68,783

  Retail

  $103,439

Location Insight

City

Hawthorne

County

Alachua

State

Florida

Latitude

29.5812

Longitude

-82.0881

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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