2281 Us Highway 90 Lake City, FL 32055
- Turn key restaurants
- 6,936 SF
- 1.64 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 2281 Us Highway 90
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.64 lot acres
- Property size
- 6,936 SF
- Zone code
- CI
- Property type
- Turn key restaurants
- APN
- 36-3S-16-02611-006
- APU
- 363S1602611006
Description
This exceptional 5,109 square foot restaurant building presents a unique investment opportunity in Lake City, Florida. Situated on a 1.6-acre lot at a highly visible, lighted intersection along West US Highway 90, this single-tenant property boasts 85 parking spaces, ensuring ample convenience for patrons. The building's strategic location places it within the heart of Lake City's thriving retail corridor, enjoying close proximity to major national retailers such as Home Depot, Lowe's, Walmart, CVS, Publix, and Starbucks. This high-traffic area guarantees significant visibility and accessibility for any restaurant operator. The property is categorized as a second-generation restaurant, offering a ready-to-occupy space with existing infrastructure. Located in Columbia County, Florida, with the address 2281 W US Hwy 90, Lake City, FL 32055, this property offers a compelling combination of location, size, and parking, making it an ideal investment for experienced restaurant owners or those seeking a turnkey operation in a bustling retail environment. The property's size and location provide significant potential for growth and profitability. This is a rare opportunity to acquire a well-positioned restaurant property in a strong retail market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,425,000
- 6.5%
- $1,470,000
- 7%
- $1,265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,555,000
- Geo Method
- $1,540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,475,000
- Retail
- $1,340,000
- Mixed-Use
- $1,135,000
- Hospitality
- $1,435,000
- Educational
- $1,320,000
- Residential Income
- $1,470,000
- Energy
- $1,155,000
- Income-Based Land
- $1,135,000
- Food Service
- $1,505,000
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.6696
- Latitude
- 30.1797
- CBSA code
- 29380
- CBSA name
- LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
