11951 SW Shiloh ROAD
Cedar Key, FL, 32625 $ 6,200,000
Baths0.0 Sq 4,886 Monthly Estimate*
$ 43,309
Studio
for $6,200,000. This 4,886 square foot building was built in 2006 on a lot size of 30.17.
RV PARK FOR SALE - Located just 3 miles from the gulf of Mexico. Phase one has 79 developed income producing sites. Phase two is in process of being entitled for 166 sites at preset. We are selling as phase one and two - willing to separate. Phase one is 79 sites that have the following amenities - Office, Camp Store, Propane Sales, Pool, Large newer manager doublewide, laundry, media center, outside showers, community center with warm kitchen area. Utilities - Water is provided by private well and septic is by 3 mound septic tanks. Management is on site. The trailing twelve months reflect an NOI of just a few dollars off $350,000 these numbers are accurate as they are derived from bank statements. Currently there is no vacancy for the winter season (October to March) and supports a waiting list. Phase one sold separately based on a 7.5 cap rate is offered at $4,650,000 - $58,860 per site. Phase two is currently in the process of entitlements, the concept is for 166 large sites on 20 acers, modern community center, office, media, exercise room, beauty shop, card rooms etc. Large attractive designed pool and sauna, pickle ball courts, bocce ball courts, dog walks, all lots are a minimum of 35x65 concrete pads with patios, 50 amp services. Totally landscaped, each lot lighted and marked, private entrance, professionally landscaped. The park can be marketed as a 5 star quality destination park (55+) or if the owner wishes some overnights as well, We are offering phase two for sale as an entitled shovel ready for development park at $1,550,00 - $9,338 per site. We currently have a list of potential tenants of well over 100 at the present. Note Phase two is contiguous to phase one property.
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FeaturesGeneralCooling Central Air
Construction Materials Vinyl Siding
Year Built 2006
Property SubType Multi Family
Tax Year 2022
Percent Ownership Other
County Levy
New Construction No
Property Type Commercial Sale
Status Active
Directions From US 19/US 98 - Turn left on to FL 24 W./2nd Ave/NE Ste. Rd. 24 - Turn Right onto Co Rd. 453 Turn Right Destination will be on your right.
City CEDAR KEY
Buyer Agent Compensation 2%
MLS Area 32625 - Cedar Key
Lot Size Square Feet 443005
Waterfront Y/N No
Street Name Shiloh
Tax Annual Amount 18942
Public Remarks RV PARK FOR SALE - Located just 3 miles from the gulf of Mexico. Phase one has 79 developed income producing sites. Phase two is in process of being entitled for 166 sites at preset. We are selling a
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM662472
Days on Market 153
Standard Status Active
Tax Lot C
Legal Description 36-14-13 0010.17 ACRES E1/2 OF NW1/4 OF SW1/4 LYING N OF SR 24 & NORTHEASTERLY OF L C R 453 (SHILOH RD) OR BOOK 1639 PAGE 705
Water Access Y/N No
Water View Y/N No
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ExteriorLot Size Area 10.17
Foundation Details Pillar/Post/Pier
Number of Buildings 5
Building Area Total 4886
Lot Size Acres 30.17
Road Surface Type Asphalt
Lot Size Units Acres
Road Frontage Type Highway
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InteriorAir Conditioning Y/N Yes
Street Suffix ROAD
Total Baths 0
Living Area Units Square Feet
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* Excluded FeaturesList Byjimmyjennings48@hotmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $43,309
- Monthly Property Taxes
- $1,579
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Cedar Key, FL
Average List Price $0
Percent of Sale Price 100%
About Cedar Key, FL 649 Population
-4% Since 2002
$ 43,021 Median Income
61.77 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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8/9/2023 | $6,200,000 | | Listed Price |