837 Main StWildwood, FL 34785

  • Medical offices
  • 3,241 SF
For Lease
$23/SF/YR View listing

Property Details for 837 Main St

Year built
1967
Construction
CONCRETE
Lot size
3.11 AC
Property size (Sq ft)
3,241 SF
Property type
Medical offices
Property subtype
Medical centers
APN
G07-055
APU
G07055

Description

This exceptional single-tenant medical office building presents a unique investment opportunity in the thriving Wildwood, Florida market. Situated on a spacious 3.02-acre lot at 837 S Main St, this 4,559 square foot free-standing building offers unparalleled convenience and visibility. Constructed in 1967 and extensively renovated in 2019, the property boasts a modern interior within a well-maintained structure. The building features a single story and ample parking, with a ratio of 7 spaces per 1000 square feet. Currently vacant, this property is ready for immediate occupancy by a medical or professional practice. Its strategic location offers easy access to major transportation arteries, being just one mile from the Florida Turnpike and two miles from I-75. Furthermore, its proximity to Brownwood Town Square in The Villages ensures high visibility and a strong potential client base. The property is zoned C1 and has a Sumter County APN of G07-055. This is an exceptional opportunity to acquire a well-maintained, strategically located medical office building in a rapidly growing area. The ample land provides room for future expansion or additional development. Don't miss this chance to own a piece of Wildwood's vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $687,349
    6.5%
    $634,476
    7%
    $589,157
  • Comparable approach

    Method
    Valuation
    Relative Method
    $508,934
    Geo Method
    $508,934
  • Alternative Use

    Use
    Valuation
    Residential
    $786,751
    Hospitality
    $720,659
    Educational
    $599,580
    Medical
    $620,201
    Retail
    $932,680

Location Insight

City
Wildwood
County
Sumter
State
Florida
Latitude
28.8495
Longitude
-82.0467
CBSA code
45540
CBSA name
THE VILLAGES, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,158
$242,310
$592,870
$835,180
-
$242,310
$592,870
$835,180

FAQs

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