1037-1110 W Us Highway 90 - Convenience Store FOR SALE
Lake City, FL 32055 |
1037-1110 W Us Highway 90
Lake City, FL 32055
HIGHLIGHTS
- Significant Value-Add Opportunity
- Significantly Below Market Rents: Average Rental Rate of $8/SF in a Market That Supports $12/SF - $18/SF
- Priced Well Below Replacement Cost
- Growth Potential: as a Tertiary Market, the Strip Center Has Significant Growth Potential, With Room For Expansion
- Ability to Capture a Larger Share of the Local Market Over Time
- This Presents an Opportunity For Businesses to Establish Themselves Early and Benefit From the Area's Evolving Dynamics
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Lake City Gateway Center - Lake City, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Fast Food, Restaurant, Department Store
TOTAL BUILDING SIZE
47088
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
122
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
31-3S-17-06159-000
