204 Marion Ave Lake City, FL 32055
This exceptional 1,476-square-foot commercial space is situated on the ground floor of the historic Blanche Hotel in downtown Lake City, Florida. Located at 204 N Marion Ave (US-441), this single-tenant property boasts three street-level access doors, offering excellent visibility and accessibility. The space features two private offices, a spacious front room ideal for various uses, a kitchen area, and two private restrooms. The layout is adaptable for a variety of businesses, including office, retail, or restaurant uses. A private back office with its own entrance presents a subleasing opportunity. The building itself is a three-story structure, part of a larger 83,595-square-foot complex, built in 1910 and situated on a 1.01-acre lot (APN: 00-00-00-12673-000). The property is zoned C-CBD. The annual lease is $29,520, with a $4,920 security deposit and a yearly lease term. Tenant expenses include water, sewer, electricity, interior maintenance, repairs, taxes, insurance, and CAM fees ($2 per square foot). The lease includes the business space only. The property is available for move-in late April, and showings can be arranged with 24-hour notice.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.