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62 Highway 40 W

8,788 SF 100% Leased Office Building Inglis, FL 34449 $1,098,539 CAD ($125 CAD/SF)

Investment Highlights

  • Strategically situated near the intersection of Highway 40 and US 19 in Inglis, Florida, Levy County.
  • Comprising three well-designed masonry brick office buildings totaling 8,788 square feet, offering ample space for various businesses.
  • All areas are finished beautifully with quality building materials, leaving a lasting impression on tenants and clients alike.
  • Zoned for commercial use in the Municipal Service District within the Spring Protection Area, allowing for diverse development options including Urba
  • Each building features a functional layout tailored to the needs of professional and medical office users, as well as service companies.
  • Recent upgrades include new HVAC systems installed between 2006 and 2012, a 22-square roof installed in 2006, a video monitoring system, and a lead-li

Executive Summary

Prime Multi-Unit Office Complex, located beyond the noise, is a haven for outdoor enthusiasts and sportsmen, offering a wealth of opportunities in Inglis, Florida, Levy County, known as 'Florida’s Natural Paradise'. Situated just off the intersection of Highway 40 and US 19 (with a combined AADT of 14,300), occupying nearly a city block and accessible from three roads, lies the subject property: a 0.33-acre parcel with 180 feet of Highway 40 frontage, zoned commercial in the Municipal Service District, part of the Spring Protection Area. This zoning allows for 70% F/RR and A/RR coverage, permitting a variety of uses including Urban Services, Commercial, and even increased residential density for the subject parcel and the surrounding parcels, paving the way for more suburban development in the future.
Ready for multiple tenants, this beautifully designed office complex comprises three masonry block buildings with brick faced office buildings totaling 8,788 square feet that can be easily rented or occupied. Building A, with 3,696 square feet built in 1980 and an effective age of 2002, offers three private offices, a reception area, support/bullpen cubicle space, a large boardroom, and covered parking in the back for executives. Building B, spanning 3,168 square feet and built in 1970 with an effective age of 2000, features eight private offices, a conference room, an employee lounge, and more. Building C, with 1,624 square feet built in 1980 and an effective age of 1999, provides five private offices and open space for additional work areas or storage and 33 parking spaces.
These spaces are highly usable and functional for a variety of professional/medical office users and service companies. All areas are finished beautifully with quality building materials that leave a lasting impression. Further upgrades include new HVAC installed between 2006 and 2012, a 22-square roof installed in 2006, a video monitoring system, and a lead-lined room for x-rays from the previous medical office.
Prime Location: Strategically situated near the intersection of Highway 40 and US 19 in Inglis, Florida, Levy County.
Versatile Zoning: Zoned for commercial use in the Municipal Service District within the Spring Protection Area, allowing for diverse development options including Urban Services, Commercial, and increased residential density.
Spacious Office Complex: Comprising three well-designed masonry brick office buildings totaling 8,788 square feet, offering ample space for various businesses.
Functional Layouts: Each building features a functional layout tailored to the needs of professional and medical office users, as well as service companies.
Quality Finishes: All areas are finished beautifully with quality building materials, leaving a lasting impression on tenants and clients alike.
Upgraded Infrastructure: Recent upgrades include new HVAC systems installed between 2006 and 2012, a 22-square roof installed in 2006, a video monitoring system, and a lead-lined room suitable for x-rays.
Attractive Investment Opportunity: With its prime location, versatile zoning, functional design, and quality finishes, the office complex presents an attractive investment opportunity for potential tenants or buyers seeking commercial space in the area.
Summary on Levy County:
Levy County, located in the state of Florida, is renowned for its natural beauty and diverse ecosystems. Situated on the Gulf Coast, it offers a unique blend of coastal charm and rural landscapes. The county is home to a variety of outdoor recreational opportunities, including fishing, boating, hiking, and wildlife watching in its numerous parks, preserves, and waterways.
Economically, Levy County has a mix of industries, including agriculture, tourism, and small businesses. The agricultural sector thrives here, with farms producing a range of crops such as peanuts, watermelons, and timber. Tourism plays a significant role in the county's economy, drawing visitors to its pristine beaches, historic sites, and natural attractions like the Cedar Key Scrub State Reserve and the Lower Suwannee National Wildlife Refuge.
The county seat, Bronson, serves as a hub for government services and local commerce. Other notable communities include Cedar Key, known for its quaint charm and artistic community, and Williston, a growing town with a rich history.
Overall, Levy County offers residents and visitors alike a tranquil and scenic environment to live, work, and explore, making it a desirable destination for those seeking a balance between outdoor adventure and small-town living in the Sunshine State.
Summary on Levy County Economic and Employment Environment:
Levy County, located in Florida, sustains a diverse economic landscape primarily driven by agriculture, tourism, and small businesses. The county's agricultural sector is robust, producing a variety of crops including peanuts, watermelons, and timber, contributing significantly to the local economy.
Tourism also plays a pivotal role in Levy County's economic vitality. The region boasts pristine beaches, historic sites, and abundant natural attractions such as the Cedar Key Scrub State Reserve and the Lower Suwannee National Wildlife Refuge, drawing visitors from far and wide.
In terms of employment, agriculture provides a substantial number of jobs, particularly during peak harvesting seasons. Additionally, the tourism industry supports employment in hospitality, recreation, and retail sectors, catering to the needs of visitors and locals alike.
Small businesses thrive in Levy County, adding to the diversity of the local economy and providing employment opportunities across various sectors. These businesses range from family-owned farms to boutique shops and restaurants, contributing to the county's vibrant community and entrepreneurial spirit.
While the economic and employment environment in Levy County is dynamic and diverse, it also faces challenges such as seasonal fluctuations in certain industries and the need for sustainable growth strategies to ensure long-term prosperity for residents and businesses alike. Nevertheless, Levy County continues to offer a unique blend of natural beauty, economic opportunity, and community spirit, making it an attractive destination for both residents and visitors in Florida.
Logistic Paths of Levy County, Florida:
In Levy County, Florida, several major highways play significant roles in transportation and connectivity within the region. Here are the primary highways affecting Levy County:
U.S. Route 19 (US 19): US 19 is a major north-south highway that traverses Levy County. It extends from Memphis, Tennessee, to the eastern coast of Florida, passing through numerous towns and cities, including Chiefland and Inglis in Levy County. US 19 serves as a crucial route for local and regional traffic, connecting communities and providing access to other major highways.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,788 SF
Building Class
C
Year Built
1960
Price
$1,098,539 CAD
Price Per SF
$125 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,788 SF
Building FAR
0.12
Lot Size
1.69 AC
Zoning
MUNI-RMU - Municipal Service District, part of the Spring Protection Area. This zoning allows for 70% F/RR and A/RR coverage, permitting a variety of uses inclu
Parking
10 Spaces (1.14 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • High Ceilings
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08367-000-00
Land Assessment
$110,926 CAD
Improvements Assessment
$737,463 CAD
Total Assessment
$848,388 CAD
  • Listing ID: 31741157

  • Date on Market: 2023-07-13

  • Last Updated:

  • Address: 62 Highway 40 W, Inglis, FL 34449

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