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    1100 Marion Rd Lake City, FL 32055

    Sponsored
    For Sale
    $549,000

    Prime Restaurant & Multi-Tenant Property

    Property size:
    3,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,640 square foot retail property located at 1100 Marion Rd, Lake City, FL 32055. Built in 1951, this expansive property currently houses three established businesses: a restaurant, an automobile repair shop, and a tire repair shop. All tenants operate under month-to-month agreements, offering flexibility and potential for future income growth. The property boasts approximately 11,000 square feet under roof, including a substantial 24' x 40' concrete block, three-bay building, originally part of an automobile dealership. The property's layout is well-suited for continued multi-tenant use or redevelopment, catering to a variety of commercial ventures. The asking price is $549,000. This property is situated within NW Division Thompson SD Block A, offering excellent visibility and accessibility. The substantial building size and existing tenant base provide a strong foundation for a lucrative investment, presenting a rare opportunity in the Lake City market. The property's history as an automobile dealership adds to its unique character and potential for adaptive reuse. This is a prime opportunity for investors seeking a stable, multi-tenant income stream with significant upside potential.

    Property Features for 1100 Marion Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,640 SF

    Building Details

    Year Built
    1951

    HighLights

    • $549,000 asking price.
    • 3,640 square foot retail restaurant space.
    • Built in 1951.
    • Located at 1100 Marion Rd, Lake City, FL 32055.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.605118
    Latitude
    30.2730727

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant & Multi-Tenant Property
    Where is this restaurant located?
    The property is located at 1100 Marion Rd Lake City, FL.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: $549,000 asking price.; 3,640 square foot retail restaurant space.; Built in 1951.
    Request Owner's contact information
    1100 Marion Rd Lake City, FL 32055
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    Lake City, FL 32055
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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
    1100 Marion Rd Lake City, FL 32055
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