14381 Highway 40

Silver Springs, FL 34488

$1,400,000
Price
Beds
10,582 Sq. Ft.
$132 / Sq. Ft.
10,582
Sq. Ft.
$132
per Sq. Ft.

Description

Investor Opportunity LYNN PLAZA STRIP CENTER with a Turnkey Liquor store including license and Inventory. Property includes 8 units in a 10-unit commercial condo complex. Building 2 is a Standalone and currently leased, building 1 has 3 Leased units. Building 3 Is used by owner for Liquor store and storage This could be 4 separate units giving you a total of 8 units. Property is located in Silver Springs just 9 miles east of Ocala and 60 West of Ormond Beach. Property has great frontage on Hwy 40...Investor Opportunity LYNN PLAZA STRIP CENTER with a Turnkey Liquor store including license and Inventory. Property includes 8 units in a 10-unit commercial condo complex. Building 2 is a Standalone and currently leased, building 1 has 3 Leased units. Building 3 Is used by owner for Liquor store and storage This could be 4 separate units giving you a total of 8 units. Property is located in Silver Springs just 9 miles east of Ocala and 60 West of Ormond Beach. Property has great frontage on Hwy 40 which is a thoroughfare between Interstate 95 to 75. Property is also located in the Ocala National Forest which affords you almost a ½ million acres of Forest to roam, 600 lakes, 2 rivers, Juniper Springs, Silver Glen Springs, Salt Springs, Swimming, Skiing, Big BASS Fishing, Boating, Camping, Hiking, Horse back riding and some of the best ATV riding anywhere. Daytona Beach is just 1 hour away. Let the fun begin! You need it!
  1. Listed by Thomas Storey • SUN REALTY & ASSOC

Property Details for 14381 Highway 40

Complex Development Name
Lynn Plaza
Subdivision Name
LYNN PLAZA CONDO
Township
15S
Waterfront
No

Location

Listing Courtesy of SUN REALTY & ASSOC
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LISTING UPDATED: 04/24/2024 01:56 PM

Property Details for 14381 Highway 40

StatusActive
MLS #OM677317
Days on Market13
Taxes$5,120 / year
HOA Fees-
Condo/Co-op Fees$55 / month
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1978
Lot Size1.35 AC / 58,800 SF
CountyMarion County

Location

Listing Courtesy of SUN REALTY & ASSOC
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Building Information for 14381 Highway 40

Stories1Residences10Year Built1978Lot Size1.35 AC / 58,800 SF

Payment Calculator

$8,122 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$427

HOA Dues

$55

The Payment Calculator is for illustrative purposes only.

Property Information for 14381 Highway 40

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 10582.0
  • Building Area Units: Square Feet
  • Direction Faces: South
  • Directions: From Silver Springs State Park, Go east approximate 9 mile to sign on left. LYNN PLAZA
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Highway, State Road, Turn Lanes
  • Unit Number: No
  • Street Number: 14381
  • Street Direction Prefix: E
  • Street Name: HIGHWAY 40
  • State: FL
  • City: SILVER SPRINGS
Parking
  • Parking Features: 19 to 30 Spaces, Lighted
Taxes and HOA Information
  • Management: Owner Manager
  • Tax Block: 1/1
  • Tax Book Number: 1418/898
  • Tax Legal Description: SEC 09 TWP 15 RGE 24 LYNN PLAZA CONDOMINIUM DECLARATION OF CONDOMINIUM RECORDED IN OR 1418 PAGE 898 UNITS 2.3.4.6.7.8.9 & 10
  • Tax Lot: 1
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Retail Condo, Retention Areas, Rural, Shopping Center
  • Parcel Number: 32042-002-00
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 3
  • Water Access: No
  • Water Extras: No
  • Zoning: B4
  • Living Area: 10582
  • Development Name Free Text: Lynn Plaza
Property and Assessments
  • Year Built Numeric: 1978
  • Adjoining Property: Commercial
  • Flood Zone Code: x
  • Net Operating Income: $250,000
  • New Construction: No
  • Numof Restrooms: 8
  • Property Condition: Completed
  • Public Survey Range: 24E
  • Public Survey Section: 09
Utilities
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Electricity Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Roof: Metal
  • Security Features: Security Gate, Security Lights, Security System
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Income Type: Projected
  • Gross Scheduled Income: $25,000

Property History for 14381 Highway 40

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14381 Highway 40

Taxable ValueLand$69,820Additions$215,248Total$285,068
Tax Record2023$5,327 ($444 / month)
Home Facts
Baths5Total Finished SqFt4,874 SqFtAbove Grade Finished SqFt4,874 SqFtStories1Lot Size435 SqFtStyleMiscellaneous CommercialYear Built1978Year Renovated1997ZoningB4CountyMARIONAPN32042-002-00

Schools near 14381 Highway 40

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
East Marion Elementary School
PublicPK to 5

Fort Mccoy School
PublicPK to 8

Lake Weir High School
Public9 to 12

Marion Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14381 Highway 40 is a mixed use property for sale in Silver Springs, FL 34488. This property was listed for sale on April 23, 2024 by SUN REALTY & ASSOC, it's currently listed at $1,400,000. It has been on the market for a total of 13 days and was last sold on February 2, 2004. This listing's school district is Marion. Nearby schools include East Marion Elementary School, Fort Mccoy School and Lake Weir High School. 14381 Highway 40 is a 0-bed, 0-bath, 10,582 sqft mixed use property built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SUN REALTY & ASSOC

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.