4114 Us Hwy 90 Lake City, FL 32055-4874
- Car washes
- 3,048 SF
- 0.94 lot acres
Current Use by Public Records
- Xpress Car Wash / Car Wash
- Accurate Car Care / Car Wash
Property Details for 4114 Us Hwy 90
- Year built
- 2003
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.94 lot acres
- Property size
- 3,048 SF
- Property type
- Car washes
- APN
- 34-3S-16-02491-004
- APU
- 343S1602491004
Description
This vacant, 0.94-acre property in Lake City, Florida, presents a compelling investment opportunity. The 2003-built Xpress Car Wash features a 90-foot tunnel equipped with Belanger equipment and a Unitec POS system, complemented by 8 vacuum stations. Located on US Highway 90, this asset benefits from excellent visibility and accessibility, with over 20,000 vehicles passing daily. The property's strategic location is further enhanced by its proximity to numerous retail establishments within a one-mile radius, including five car dealerships, Dollar General, Harveys Supermarket, Family Dollar, Smoothie King, Texas Roadhouse, Cracker Barrel, Steak ‘n Shake, Chic-fil-A, IHOP, and Bob Evans. This asset sale offers a significant operational upside, presenting a chance to capitalize on below-replacement cost and substantial sales growth potential. The property is being sold as-is. This is an owner/user investment opportunity. The building sits on a 0.94-acre lot. The asking price is $1,195,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $245,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $310,000
- Mixed-Use
- $275,000
- Hospitality
- $270,000
- Educational
- $245,000
- Residential Income
- $250,000
- Energy
- $260,000
- Income-Based Land
- $260,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.7
- Latitude
- 30.18
- CBSA code
- 29380
- CBSA name
- LAKE CITY, FL MICROPOLITAN STATISTICAL AREA