501 Us 129 Live Oak, FL 32064

This exceptional 3,824 square foot storefront, located at 501 N US 129 in Live Oak, Florida, presents a lucrative investment opportunity. Currently leased under a gross lease agreement with one tenant, the property boasts 100% occupancy with one year remaining on the lease. Built in 1956, this single-story building sits on a 0.09-acre lot and is zoned CI (Commercial Intensive), offering significant potential for future development. The property features excellent visibility due to its location within the city limits and its participation in a redevelopment program. Convenient parking is available with 10 spaces across the street. Detailed information from the city regarding permitted businesses is available upon request. The asking price is $175,000, translating to a price per square foot of $45.76. This property is an ideal addition to any commercial real estate portfolio, offering both immediate income and long-term growth potential. The adjacent parking lot is zoned CG (Commercial General).