15035 Us Highway 301 Waldo, FL 32694
- Grocery and convenience stores
- 3,330 SF
- 0.47 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 15035 Us Highway 301
- Year built
- 1996
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.47 lot acres
- Property size
- 3,330 SF
- Zone code
- COMM
- Property type
- Grocery and convenience stores
- APN
- 17064-001-000
- APU
- 17064001000
Description
This exceptional 3,000 square foot retail property, located at 15035 NE US Hwy 301 in Waldo, Florida (32694), presents a compelling value-add investment opportunity. Situated on a 0.47-acre corner lot, this freestanding building boasts a highly visible location next to the post office, ensuring maximum exposure. Previously utilized as a convenience store and gas station, the property is currently vacant, offering a blank canvas for redevelopment. All underground fuel tanks have been removed, simplifying the redevelopment process. The property benefits from significant traffic volume, with a 2023 AADT (Average Annual Daily Traffic) count of 24,500 vehicles on US Hwy 301. The building, constructed in 1996, features two stories and is zoned COMM. The asking price is $875,000, translating to $291.67 per square foot. This represents a unique chance to acquire a strategically positioned retail space in a high-traffic area with significant redevelopment potential. The Alachua County property (APN: 17064-001-000) offers a single tenancy and is ready for its next chapter. Don't miss this chance to capitalize on this prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $220,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $235,000
- Mixed-Use
- $210,000
- Hospitality
- $255,000
- Educational
- $220,000
- Residential Income
- $260,000
- Energy
- $230,000
- Income-Based Land
- $210,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Waldo
- County
- Alachua
- State
- Florida
- Longitude
- -82.1671
- Latitude
- 29.7932
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA