LISTED at: MARKET VALUE- SUBMIT OFFER ARMEL REAL ESTATE, INC. 1101 MIRANDA LN. SUITE 131 KISSIMMEE, FL 34741 407-509-3812 1
Property Type: Vacant Land - Large Acreage Address: NW US HWY 19/98 & NW CR 347 (aka NW 60 St.) Chiefland, FL 32626 County: LEVY Total Acres: 1,451 +/- Parcel List: Location: Property Attributes: Land Use & Zoning: Site Data: EXHIBIT A, Sections 6, 7, 17, 18, 19, 20; Township 12 South, Range 15 East A small portion of the subject (3.9 acres) is located in the city limits of Chiefland. The remaining portion of the subject property is all contiguous to the city limits and bordered by US 19/98 on the East, several subdivisions to the West and NW CR 347 to South. The South side of Chiefland. City Water and Sewer Taps (North end); 3- Phase Co-Op underground electric on-site, fence around entire perimeter, 3 working wells on-site, 2 large open buildings with one including a walk-in cooler, hundreds of cleared acres for cattle, interior pathways cleared throughout for complete access to entire property. The Future Land Use Maps of Levy County and Chiefland Municipal Service District maps indicate that a portion of the subject (3.9 acres) within the city limits is currently zoned Industrial 2. The remaining portion located within the county s authority is zoned Rural Low Density Agriculture Residential. This requires a minimum of 10 acres per home site. 20 acre sites are allowed without platting requirements whereas 10 acre sites would require meeting all subdivision regulations. Due to the Wetlands (Long Pond) in or adjacent to the site, other State, County and Local requirements may have to be met before some portions of the tract could be developed. This may include Suwannee River Water Management District. For complete development potential to be met, the portion of the subject located in the County would need to be annexed into the City of Chiefland. Once annexed, further zoning changes may be required to maximize density or to create a PUD. Chiefland offers both City Water and Sewage. The topography is primarily level except for the portion (313 acres) that consist of Long Pond and equates to the amount of Wetlands on the site. The Uplands are estimated at 1,131.33 acres and consist mostly of hardwoods, planted pines with a few areas of open pasture and interior roads throughout. The perimeter of the property is fenced with wire. The site also has three phase co-op electrical service. A portion of the property has a preliminary plat consisting of 12 lots ranging in size from 22.34 to 25.16 acres. ARMEL REAL ESTATE, INC. 1101 MIRANDA LN. SUITE 131 KISSIMMEE, FL 34741 407-509-3812 2
Highway Frontage: The site has approximately 15,600 feet (2.95 miles) of frontage on US 19/98 and approximately 8,700 feet (1.65 miles) on CR 347, both of which are paved roads. US 19/98 has 4 lanes with a divided median offering several turn lanes. Chiefland Population: Approximately 2,245 Levy County Pop.: Approximately 41,000 Market Area Data: The market area includes all of the following rural counties in North Central Florida with similar demographics: Levy, Alachua, Gilchrist, Dixie (these three comprising the TRI-COUNTY area ), Suwannee, Columbia, and Lafayette. Chiefland is located approximately 40 miles SW of Gainesville, Florida in Alachua County and is at the intersection of three main corridors for travel: US 19/98, Alt US 27 and US 129. These routes provide adequate opportunity for the transporting of goods and services to and from the area. The area s economy was traditionally based on agriculture, primarily farming, ranching, dairy, timber and aquaculture. Levy County is bordered on the West by the Suwannee River and on the South by the Gulf of Mexico. Attractions: Manatee Springs State Park and the crystal-clear Suwannee River are only 6 miles west of town with the park offering a multitude of activities including camping. There are parks throughout the city including the Greenway Trails that provide ample recreation opportunities. Chiefland Golf & Country Club is also only 3 miles west. Commerce: Residential: Highest & Best Use: A local center for shopping with a Wal-Mart Supercenter, several major auto dealerships, hotels, grocery stores, numerous fast food and sit down restaurants, drug stores, financial institutions and many other specialty stores. There is also a branch of Central Florida Community College, three public schools, along with many medical facilities and a Tri-County Hospital in the works. Agriculture and forestry are major factors in the local economy but there has also been a shift to a service economy. The city has a variety of single-family residences including site-built, manufactures, 2-4 family and multi-family housing. Chiefland has municipal water, sewage and garbage pick-up. 1. Future potential of Large Residential PUD which would require annexation and zoning changes as well as infrastructure such as roads, utilities, etc. 2. Potential for Wetland Mitigation or Conservation Easements. *Prospectus Study: A complete prospectus has been completed for a Mitigation Banking Study. ARMEL REAL ESTATE, INC. 1101 MIRANDA LN. SUITE 131 KISSIMMEE, FL 34741 407-509-3812 3
EXHIBIT A ALL PARCELS INCLUDED: 1. PID# 0612150177100100 4 ACRES 2. PID# 0712150179000100 33 ACRES 3. PID# 0712150179100100 140.09 ACRES 4. PID# 0712150179200100 0.91 ACRES 5. PID# 0712150179400000 20 ACRES 6. PID# 1712150181600200 49 ACRES 7. PID# 1712150181600300 36 ACRES 8. PID# 1812150181700000 168 ACRES 9. PID# 1812150181700200 40 ACRES 10. PID# 1812150181700300 17.53 ACRES 11. PID# 1812150181700500 40 ACRES 12. PID# 1912150182100000 95 ACRES 13. PID# 1912150182200000 25 ACRES 14. PID# 1912150182400000 220 ACRES 15. PID# 1912150182400100 138.5 ACRES 16. PID# 2012150182600000 35 ACRES 17. PID# 2012150182600300 297 ACRES 18. PID# 2012150182600400 92 ACRES (All approximate acreage values- must verify) ARMEL REAL ESTATE, INC. 1101 MIRANDA LN. SUITE 131 KISSIMMEE, FL 34741 407-509-3812 4
ARMEL REAL ESTATE, INC. 1101 MIRANDA LN. SUITE 131 KISSIMMEE, FL 34741 407-509-3812 5
ARMEL REAL ESTATE, INC. 1101 MIRANDA LN. SUITE 131 KISSIMMEE, FL 34741 407-509-3812 6