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6416 SE Highway 42, Summerfield, FL

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6416 SE Highway 42

301/42 North Tract
Summerfield, FL 34491 - Outlying Marion County Submarket

Property Type:Land Parcel Size:16 Acres
For Sale Price:$1,100,000 Price/Acre:$68,750 Price/SF:$1.58

Proposed Use:Retail

On-Site Improv:-

Property Description:
16.48 Acres (717,868 +/- Sq.Ft.) located in one of the most rapidly expanding residential and commercial corridors in Marion County. PRICED AT $5.00 Sq.Ft. BULK / $13.50 Sq.Ft. on OUTPARCELS. Zoning is currently A-1 with a proposed change to B-4(Retail Business.) Frontage 1282'+/- Along US 301; 423' +/- along Hwy 42.
PROPERTY ID# 48384-000-00
Location Description:
16000 block of S Hwy 301 and CR 42. Located 7 miles to the east of I-75, 3 miles west of US 27/441 and 12.5 miles north of the Fl. Turnpike.
Expansion of the Villages has begun further north and now extends to CR 42. This roadway extends in an east/west direction through the northern portion of the neighboorhood connecting US Hwys 27/441 with US 301. Recently, CR 42 was expanded to include four-lanes extending west from US 27/441 about one mile to its junction with the Villages new north entrance. A large retail center is located at the intersection and includes a Publix anchor with many smaller retail and office concerns. As a result, residential and commercial development within the market area will continue at a similar pace as experienced in the past.
FDOT is to begin the process of widening both US 301 and CR 42 to four-lanes. Total project calls for widening of CR 42 from US Hwys 27/441 to US Hwy 301 and to widen US 301 from Summerfield to SR 466 in Sumter County. The location of the subject at this prominent corner which is proposed for four-laning, is the primary factor for the conclusion of highest and best use for some form of commercial development.
Zoning Description:
Please see Property Description.

Sale Notes:
Commercial property zoned B-4. Located near "The Villages" with 73,931 residents in a 5 mile radius, Avg. HH Income is $51,188
This commercial real estate property is located on the north west corner of Hwy 301 and 42. The intersection is a 4 way signalized intersection offering exceptional visibility to the property. This property is located next to The Villages. The Villages house over 70,000 active 55+ residents.

Boyd Real Estate, LLC
Joe Krim
(352) 861-2248 x378

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