

Listed by Century 21 J W Morton Real Estate Inc
$600,000
377 Hwy 40 W
Details
Property Type Industrial
Sub Type Warehouse, Industrial
Square Footage 7,614
Net Rentable (SqFt) 7,614
Pro-Forma Cap Rate 8.09%
Pro-Forma NOI $48,546
Price per SqFt $79
Class C
Year Built 1981
Acreage 2.500
Zoning IND & C-1
Investment Type Net Lease
Ground Lease No
Ceiling Height 8FT
Dock High Doors 1
7,614 SF Flex Building | Two Parcels Totaling 2.5 Acres | Industrial & Commercial Zoning
Marketing description
Positioned along Florida’s Gulf Coast within the Gainesville MSA, this flex-industrial asset offers strategic regional connectivity to the Tampa and Ocala metropolitan areas. The Gainesville MSA recorded an estimated $17.7 billion GDP in 2023 according to Bureau of Economic Analysis and Federal Reserve Bank of St. Louis (FRED) data. Supporting long-term regional demand, the University of Florida Bureau of Economic and Business Research projects Levy County population growth of approximately 20% by 2040.
The offering includes a 7,614-square-foot industrial flex building and two adjoining 1.25-acre parcels totaling approximately 2.5 acres. The improved parcel is one of the few industrial-zoned sites within the Town of Inglis, while the adjacent corner parcel is zoned C-1 Neighborhood Commercial. Together, the parcels provide approximately 330 feet of frontage along CR 40, with an additional 330 feet of secondary road frontage along the corner lot.
Constructed in 1981 by prominent local builder and craftsman Allan Caton, the facility was originally developed as the headquarters of A&N Corporation (now ANCORP), formerly the largest employer in Inglis. The building was purpose-built for industrial use and features an oversized concrete slab along with 480-volt, three-phase electrical service designed to support precision manufacturing of high- and ultra-high-vacuum components for advanced technology industries.
Over time, the property has accommodated a diverse range of professional and industrial users, including Fire Programs, Duke Energy, and most recently a custom woodworking and cabinetry operation. The facility is fully wired for computer networking and telecommunications infrastructure.
The current layout includes 25 adaptable rooms suitable for offices, conference space, storage, or light manufacturing operations, along with five bathrooms, including three with showers, a kitchen, and a loading dock with overhead door supporting freight access and material handling. The property is suitable for a wide range of uses, including fabrication or machine shop operations, warehouse or distribution use, cold storage, contractor operations, creative studio or maker space, or co-warehousing with rentable suites.
The asset is positioned to benefit from the Suncoast Parkway Red Level Terminus, a major Florida Turnpike Enterprise infrastructure project projected for completion between Q4 2026 and Q4 2027. Upon completion, Inglis will be within approximately 80 minutes of Tampa International Airport, further enhancing regional accessibility and supporting future logistics, service, and distribution uses throughout Florida’s Gulf Coast and North Florida markets.
This represents a rare opportunity to acquire one of the region’s few industrial-grade flex assets offering robust infrastructure, flexible functionality, commercial zoning upside, and improving regional access within a growing Gulf Coast corridor.
Investment highlights
- Situated along Florida’s Gulf Coast within the Gainesville MSA ($17.7 billion GDP in 2023), this flex-industrial asset offers strategic regional access to the Tampa Bay and Ocala metropolitan areas.
- Well positioned as a potential logistics and staging hub for Florida’s Gulf Coast and North Florida markets, providing gateway connectivity to major population and transportation corridors.
- Strategic Gulf Coast location near the future Suncoast Parkway Red Level Terminus (estimated completion 2026–2027), which is expected to enhance regional accessibility and improve access to Tampa International Airport.
- The University of Florida Bureau of Economic and Business Research projects Levy County population growth of approximately 20% by 2040, supporting continued long-term demand for industrial, flex, logistics, and service-oriented commercial space.
- Industrial-flex asset featuring dual zoning, 480-volt three-phase power, extensive frontage, and adaptable functionality positioned along Florida’s Nature Coast.
- Leasing pro forma projects an estimated 8.09% annual cap rate based on projected stabilized occupancy and market rental assumptions.
- 7,614 SF flex-industrial building situated on approximately 2.5 acres with a combined 660 feet of frontage, including approximately 330 feet along CR 40 and an additional 330 feet along a secondary roadway.
- One of the few industrial-zoned properties within Inglis, the facility features an oversized industrial-grade concrete slab designed for heavy operational use.
- Flexible interior configuration includes approximately 25 adaptable rooms suitable for offices, conference space, storage, operations, or light manufacturing, along with five bathrooms (including three with showers), a kitchen, and a loading dock with overhead door supporting freight access and material handling.
- Highly versatile facility suitable for fabrication or machine shop operations, warehouse/distribution use, contractor operations, cold storage, creative workspace, showroom, maker space, or potential multi-tenant occupancy.
Listing Contacts


Listed by Century 21 J W Morton Real Estate Inc
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