1100 Marion St Lake City, FL 32055
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 1100 Marion St
- Year built
- 1951
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a lucrative mixed-use property located at 1100 N Marion Avenue, Lake City, Florida, 32055. The property, encompassing approximately 11,000 square feet under roof, consists of two buildings constructed in 1951 and sits on a lot with an unspecified size. Currently, the property is generating income from three established tenants: a restaurant, an automobile repair business, and a tire repair business. These tenants operate under month-to-month agreements, offering flexibility for future development or lease renegotiation. The main structure, originally an automobile dealership, has been adapted to accommodate the current tenants. A significant feature is a separate, substantial 24' x 40' concrete block building with three bays, adding to the property's versatility and potential. The property is identified by parcel numbers 00-00-00-11604-000, 00-00-00-11631-000, 00-00-00-11604-014, and 00-00-00-11605-000. This expansive property offers a strong foundation for a diverse range of investment strategies, with the potential for increased rental income and long-term appreciation. The asking price for this prime Lake City, Florida investment is $549,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Other Florida
- State
- Florida
- Longitude
- -82.6377
- Latitude
- 30.2038
