62 Highway 40Inglis, FL 34449
- Office properties
- 3,696 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
FAQs
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