62 Highway 40Inglis, FL 34449

Property Details for 62 Highway 40

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

3,696 SF

Property type

Office buildings

APN

836700000

APU

836700000

Description

This exceptional commercial property in Inglis, Florida, presents a unique investment opportunity. Located at 62 Highway 40 W, this nearly city-block-sized complex boasts 8,788 square feet across three buildings, situated on a 0.33-acre lot with 180 feet of Highway 40 frontage. The property is zoned commercial within the Municipal Service District and falls within the Spring Protection Area, allowing for diverse uses including urban services and commercial activities, with potential for future residential density increases. Building A (3,696 sq ft, built 2002) features three offices, a reception area, a boardroom, and covered parking. Building B (3,168 sq ft, built 1970, refurbished 2000) offers eight offices, a conference room, and an employee lounge. Building C (1,624 sq ft, built 1980, updated 1999) includes five offices and ample open space. The complex provides 33 parking spaces. Significant upgrades include new HVAC systems, a 22-square roof, a video monitoring system, and a lead-lined room. Its strategic location near the intersection of Highway 40 and US 19, within the Tri-County Servicing Area, and close to airports (including Ocala's commercial airport), ensures excellent accessibility. The anticipated 2026 completion of the $135 million Suncoast Parkway extension promises significant future growth and development potential in this thriving area. This meticulously maintained property is ideal for multiple tenants, offering a blend of quality, functionality, and prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $766,533

  6.5%

  $707,569

  7%

  $657,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,595

  Geo Method

  $407,595

• Alternative Use

  Use

  Valuation

  Residential

  $877,386

  Hospitality

  $803,681

  Educational

  $668,653

  Medical

  $691,649

  Retail

  $1,040,127

Location Insight

City

Inglis

County

Levy

State

Florida

Latitude

29.0305

Longitude

-82.6718

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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