12001 Highway 441Micanopy, FL 32667

Property Details for 12001 Highway 441

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.45 AC

Property size (Sq ft)

2,184 SF

Zone code

BR

Property type

Retail properties

Property subtype

Retail space

APN

16392-001-000

APU

16392001000

Description

This well-constructed 2,184 square foot commercial building sits on a 1.74-acre lot comprised of two tax parcels, offering over 500 feet of frontage on heavily trafficked US Highway 441. Strategically located just south of Paynes Prairie Preserve State Park and north of the charming town of Micanopy, this property benefits from high visibility and convenient access for customers. Previously occupied by a successful Italian restaurant, the building presents a versatile space adaptable to a variety of commercial uses. The building's solid construction provides a strong foundation for a new business venture. The location offers easy access to both Gainesville and Ocala, expanding the potential customer base. The Micanopy area is ripe for new businesses, and this property's prime location and ample space make it an exceptional investment opportunity. The 1.74-acre lot provides ample room for expansion or outdoor seating, further enhancing its appeal. This property is being offered at $275,000 and presents a unique chance to establish a thriving business in a desirable location. The tax records indicate a slightly larger building size of 2,680 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $693,303

  6.5%

  $639,972

  7%

  $594,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $374,305

  Geo Method

  $374,305

• Alternative Use

  Use

  Valuation

  Residential

  $539,840

  Hospitality

  $494,491

  Educational

  $411,411

  Medical

  $425,560

  Retail

  $639,972

Location Insight

City

Micanopy

County

Alachua

State

Florida

Latitude

29.5452

Longitude

-82.32

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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