1084-1100 N Marion Ave - Freestanding FOR SALE
Lake City, FL 32055 |
$385,000 USD
386-365-1794
1084-1100 N Marion Ave
Lake City, FL 32055
HIGHLIGHTS
- Generates $4,000 monthly with tenants paying utilities, ensuring consistent profitability.
- Occupied by tenants for over 5 years, indicating satisfaction and reliability.
- Situated off S US Highway 441, offering high visibility and accessibility.
- Potential for future redevelopment or continued income generation as a multi-tenant property.
- Presents an opportunity for immediate cash flow and long-term value appreciation in a thriving commercial hub.
OVERVIEW
Expansive, multi-tenant investment property. Currently, utilized as a restaurant, automobile repair business, and tire-repair business. Long-standing tenants with month-to-month agreements. Approximately 11,000 square feet under roof with an external 24' x 40' concrete block, three-bay building. The facility was originally an automobile dealership and now houses three separate businesses.
FOR SALE DETAILS
PRICE
$385,000 USD
PRICE/SF
$35 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1100 N Marion Ave
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1951
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,488 SF
ZONING
CI
APN/PARCEL ID
00-00-00-11604-000
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386-365-1794
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386-365-1794
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