16340-16264 South Highway 475

Summerfield, FL 34491

$1,599,000
Price
Beds
1,967 Sq. Ft.
$813 / Sq. Ft.
1,967
Sq. Ft.
$813
per Sq. Ft.

Description

Offering is an Excellent Investment - Income property! 5.6% CAP Rate with a Great Tenant and long successful history at location. Site has 2 buildings on 6.78+/- Acres, completely fenced and gated, zoned B-5 & A-1, Marion County. The first bldg is a 1,904+/- SF former concrete block residence that has been converted to a very attractive commercial office administrative building with many private offices, large waiting - admin area, break room, restrooms, large class room or conference room. The 2nd...Offering is an Excellent Investment - Income property! 5.6% CAP Rate with a Great Tenant and long successful history at location. Site has 2 buildings on 6.78+/- Acres, completely fenced and gated, zoned B-5 & A-1, Marion County. The first bldg is a 1,904+/- SF former concrete block residence that has been converted to a very attractive commercial office administrative building with many private offices, large waiting - admin area, break room, restrooms, large class room or conference room. The 2nd bldg is a 12,000+/-SF Metal bldg with newer 2017 roof, 6 grade level overhead roll-up doors, large circular drive for easy access for semi-truck's with trailers, multiple private offices, restrooms, additional mezzanine storage and lighted signage. Property is on well and septic and immaculately maintained inside and out. Location is in the heart of Central Florida, an hour from Orlando and 30 minutes to Ocala or The Villages and minutes from I-75 Bellview Exit 341. Do not enter property without an appointment. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice.
  1. Listed by Daniel Tatro • GRIZZARD COMMERCIAL REALESTATE

Property Details for 16340-16264 South Highway 475

Township
17S
Waterfront
No

Location

Listing Courtesy of GRIZZARD COMMERCIAL REALESTATE
Add your commute
LISTING UPDATED: 04/08/2024 06:03 PM

Property Details for 16340-16264 South Highway 475

StatusActive
MLS #G5067987
Days on Market375
Taxes$9,829 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1990
Lot Size6.78 AC / 295,337 SF
CountyMarion County

Location

Listing Courtesy of GRIZZARD COMMERCIAL REALESTATE
Add your commute

Building Information for 16340-16264 South Highway 475

Stories1Residences-Year Built1990Lot Size6.78 AC / 295,337 SF

Payment Calculator

$9,545 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,726

Property Taxes

$819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16340-16264 South Highway 475

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 13904.0
  • Building Area Units: Square Feet
  • Directions: From Belleview go west on Hwy 484 toward I-75, just before I-75 turn left / south onto CR / hwy 475 property will be on the right - no sign - do not enter or disturb without an appointment
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: County Road
  • Unit Number: No
  • Street Number: 16340 & 16264
  • Street Direction Prefix: S
  • Street Name: HIGHWAY 475
  • Street Suffix: HIGHWAY
  • State: FL
  • City: SUMMERFIELD
Parking
  • Parking Features: 6 to 12 Spaces, Common
Taxes and HOA Information
  • Condo Environment: No
  • Tax Block: 0000
  • Tax Book Number: 6336/0828
  • Tax Legal Description: SEC 29 TWP 17 RGE 22 N 146 2/3 YRDS OF E 330 YRDS OF SE 1/4 OF NE 1/4 & EXC N 208.71 FT OF E 208.71 FT & EXC RD ROW & EXC COM AT THE NE COR OF SE 1/4 OF NE 1/4 OF SEC 29 TH W 787.03 FT TO THE POB TH S 440.17 FT TH W 202 FT TH N 199 FT TH E 182 FT TH N 241.18 FT TH E 20 FT TO THE POB & EXC N 241.20 FT OF W 182 FT OF N 440 FT OF E 990 FT OF SE 1/4 OF NE 1/4
  • Tax Lot: 00
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Oversized Lot, Retention Areas, Street Paved
  • Parcel Number: 44812-000-00
  • Total Acreage: 5 to less than 10
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: B5 & A1
  • Living Area: 1967
Property and Assessments
  • Year Built Numeric: 1990
  • Adjoining Property: Vacant
  • Flood Zone Code: 0
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 22E
  • Public Survey Section: 29
Utilities
  • Electric: 110 Volts
  • Sewer: Septic Tank
  • Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete, Metal Frame, Metal Siding
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Cooling: A/C - Office Only, Central Air
  • Heating: Central
  • Living Area Units: Square Feet
  • Water View: No

Property History for 16340-16264 South Highway 475

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 16340-16264 South Highway 475

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Marion Oaks Elementary School
PublicPK to 5

Belleview Middle School
Public6 to 8

Belleview High School
Public9 to 12

Francis Marion Military Academy
Charter9 to 12

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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16340-16264 South Highway 475 is a mixed use property for sale in Summerfield, FL 34491. This property was listed for sale on April 22, 2023 by GRIZZARD COMMERCIAL REALESTATE, it's currently listed at $1,599,000. This listing's school district is Marion. Nearby schools include Marion Oaks Elementary School, Belleview Middle School and Belleview High School. 16340-16264 South Highway 475 is a 0-bed, 0-bath, 1,967 sqft mixed use property built in 1990.

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 GRIZZARD COMMERCIAL REALESTATE

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.