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OFF-MARKET
Retail properties & Spaces

204 Marion Ave Lake City, FL 32055

83,595 SF 1.01 ac lot Built 1910
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1910
Total area 83,595 SF
Lot 1.01 ac (44,083 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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