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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1100 Marion Rd Lake City, FL 32055

3,640 SF Built 1951
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1951
Total area 3,640 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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