1100 Marion Rd Lake City, FL 32055
- Retail properties
- 3,640 SF
Current Use by Public Records
- Retail properties
Property Details for 1100 Marion Rd
- Year built
- 1951
- Property size
- 3,640 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
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
- Columbia
- State
- Florida
- Longitude
- -82.6051
- Latitude
- 30.2731
