377 Highway 40 W - Flex FOR SALE


Inglis, FL 34449
$650,000 USD
352-464-2664
377 Highway 40 W, Inglis, FL for Sale
$650,000 USD
Flex - FOR SALE
1/101
null | 7.47% Cap Rate

377 Highway 40 W
Inglis, FL 34449


HIGHLIGHTS

  • Single tenant lease Pro Forma projects an annual 7.47% Cap Rate
  • One of the few industrial-zoned parcels in Inglis, featuring 480-volt, 3-phase electrical service and an oversized industrial grade concrete slab
  • Flexible interior layout consisting of 25 rooms adaptable for offices, conference areas, storage, and light manufacturing
  • Suitable for fabrication or machine shop, warehouse/distribution hub, cold storage, creative studio, or co-warehousing rentable suites
  • Upcoming Suncoast Parkway Red Level terminus (expected Q4 2026–Q4 2027) will place Inglis within 80 minutes of Tampa International Airport
  • University of Florida’s Bureau of Economic and Business Research projects Levy County’s population will increase 20% by 2040

OVERVIEW

Positioned in the heart of Florida’s Gulf Coast within the Gainesville MSA ($17.7 billion GDP in 2023, per the Bureau of Economic Analysis and Federal Reserve Bank of St. Louis/FRED), this flex space offers strategic connectivity to the Tampa and Ocala metros. The asset is comprised of a 7,614 SF building and two adjoining 1.25-acre parcels (2.5 acres total). The improved parcel is one of the few industrial-zoned sites within the Town of Inglis, while the adjacent corner lot is zoned C-1 Neighborhood Commercial. Together, the parcels provide approximately 330 feet of frontage on CR 40, with an additional 330 feet of secondary road frontage along the corner lot. Constructed in 1981 by Allan Caton, a locally renowned builder and craftsman, the facility was originally developed as the headquarters of A&N Corporation (now ANCORP)—for many years the largest employer in Inglis. The building was designed for industrial use, featuring an oversized concrete slab and 480-volt, three-phase electrical service to support precision manufacturing of high- and ultra-high-vacuum components for advanced technology industries. Since then, the property has supported a range of professional and industrial users, including FirePrograms (software), Duke Energy, and most recently a custom woodworking and cabinetry operation. The building is also fully wired for computer networking and telecommunications. The current configuration includes 25 rooms adaptable for offices, conference areas, storage, or light manufacturing, along with five bathrooms (three with showers), a kitchen, and a loading dock with overhead door for material handling and freight access. The facility is suitable for a wide range of uses, including fabrication or machine shop operations, warehouse or distribution, cold storage, creative studio or maker space, or co-warehousing with rentable suites. The asset’s location is positioned to benefit from the Suncoast Parkway Red Level extension, a Florida Turnpike Enterprise project, projected for completion between Q4 2026 and Q4 2027. Upon completion, Inglis will be within approximately 80 minutes of Tampa International Airport, further positioning the site as a strategic logistics and staging hub for Florida’s Gulf Coast and North Florida markets. Supporting long-term demand, the University of Florida’s Bureau of Economic and Business Research (BEBR) projects Levy County population growth of approximately 20% by 2040. This represents a rare opportunity to acquire one of the region’s few industrial-grade flex assets offering robust infrastructure, versatile functionality, and improving regional access.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

7.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

7,614 SF Flex Building | Gainesville, FL MSA

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Refrigeration/Cold Storage, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5

LAND SF

108,900

ZONING

IND & C-1

APN/PARCEL ID

12471-000-00,12472-000-00

ASK ABOUT THIS PROPERTY

Richard FernleyCentury 21 J.W. Morton Real Estate, Inc.More Info
352-464-2664

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Richard FernleyCentury 21 J.W. Morton Real Estate, Inc.More Info
352-464-2664

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.