$329,000 42421 W Altoona Road Altoona, FL

MLS: G4851113   Type: Land   County: Lake   City: Altoona   Neighborhood: Altoona Hinsons Plan   Zip: 32702     Taxes: $1,374

Mortgage $1,545 /mo

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Great commercial MULTI-FAMILY PARCELS with 72 units available at a modest 8K per unit! 8 ACRES +/- GENERAL COMMERCIAL C-2 ZONING allows for 12 units per acre as per City of Umatilla. 938' ft. ON CR 42 & JUST WEST OF SR 19 (ALTERNATE KEYS #1392757 & #1786193) BOTH PARCELS ANNEXED INTO THE CITY OF UMATILLA WITH HIGH TRAFFIC COUNT SUITABLE FOR RETAIL SHOPPING CENTER, ADULT CONGREGATE LIVING FACILITY, BANK, AUTO & BOAT SALES, HOTEL, MINI WAREHOUSES, RESTARAUNTS, AND SO MUCH MORE. DIRECTLY ACROSS THE STREET IS WELL ESTABLISHED RETIREMENT COMMUNITY OF LAKEVIEW TERRACE WITH OVER 400 RESIDENTS AND PLANS FOR FUTURE EXPANSION!!! PROPERTY IS ALL HIGH AND DRY AND CITY WATER at corner of SR19. There is a 480 sq. ft. 1/1 cottage on property with electric, A/C, and metal roof, but ads no value to property. MANY BUSINESSES SURROUND PROPERTY INCLUDING GAS STATIONS, CHURCHES, POST OFFICE, RESTAURANTS, PUBLIC SCHOOL AND PARKS. GREAT CENTRAL FLORIDA LOCATION JUST OUTSIDE THE OCALA NATIONAL FOREST, ONE HOUR FROM ORLANDO AND CLOSE TO THE NEW 429 EXPRESSWAY!!!! Don't let this one get away for your commercial site.

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Price History

1/2/2018 Listed $349,000
2/22/2018 6% - $329,000

CDD No
Current Use Commercial
For Lease Y/N No
MLS Area 32702 - Altoona
Property Type Land
Subdivision ALTOONA HINSONS PLAN
Terms Cash, Conventional, Lease Option, Lease Purchase, Private Financing Available
Township 17
Zoning C2
Zoning Compatible Yn Yes

Interior Features

Pets Allowed Y/N Yes
Utilities BB/HS Internet Available, Electricity Available, Phone Available

Exterior Features

Front Footage 938
Lot Dimensions 938x490
Lot Features Cleared, In City Limits, Street Paved
Lot Size Acres 8.50
Lot Size Square Feet 370000
Number of Lots 2
Other Structures Guest House
Road Frontage Type County Road
Vegetation Trees
View Water
Water Access Y/N No
Water Body Name LAKE PEARL
Water Extras Yn No
Water View Lake
Water View Y/N Yes
Waterfront Feet Total 0
Waterfront Y/N No

Property Schools



Direct Link:

https://www.exitrealtych.com/property/24-G4851113-42421-W-Altoona-Road-Altoona-FL-32702

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Property vs Zip Code Avg (32702)

Price 329K Avg 66K

Taxes $1,374 Avg $364

Acres 8.5 Avg 2.72

Visits 129 Avg 164

Days on Site 227 Avg 438

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Listing Provided Courtesy Of: Watson Realty Corp




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Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL
863-292-6217
321-445-5568