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    1011 Elm St Welaka, FL 32193

    For Sale
    $159,000

    Half-acre lot, prime location, many uses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 1011 Elm Street Unit 1011, Welaka, FL, presents a compelling investment opportunity. Boasting a sizable 0.56-acre lot, this property enjoys a highly visible location on County Road 308B, the main route connecting Pomona Park and Welaka. Its proximity to County Road 309, a major artery leading from Highway 17 along the St. Johns River, ensures excellent accessibility and high traffic volume. The property's strategic placement near local amenities such as Dollar General, the Welaka community center, churches, and restaurants, further enhances its appeal. The existing building offers versatile space suitable for a variety of commercial uses, including office space, retail, a restaurant, or even an automotive-related business. Potential buyers are advised to verify intended use with the City of Welaka. The ample lot size provides significant space for parking or storage, adding to the property's functionality. Priced at $159,000, this property offers attractive potential for owner financing with a substantial down payment. Additionally, the seller is open to discussing lease-purchase options, providing flexibility for prospective buyers. Don't miss this chance to acquire a thriving commercial property in a growing community.

    Property Features for 1011 Elm St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1981
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Pharmacy Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Welaka
    County
    Putnam
    State
    Florida
    Longitude
    -81.66279
    Latitude
    29.47911

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    FAQs

    What type of property is this?
    Commercial real estate - Half-acre lot, prime location, many uses.
    Where is this commercial real estate located?
    The property is located at 1011 Elm St Welaka, FL.
    What is the asking price?
    The asking price for this property is $159,000.
    (386) 698-2100
    Request Owner's contact information
    1011 Elm St Welaka, FL 32193
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    Welaka, FL 32193
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1011 Elm St Welaka, FL 32193
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