1100 Marion Rd Lake City, FL 32055
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.