Property profile

2281 Us Hwy 90 Lake City, FL 32055

OFF-MARKET
Turn key restaurants
Property ID
US18-3984779
6,936 SF 1.64 ac lot Built 1997
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,936 SF
Lot 1.64 ac (71,531 SF)
Zoning code CI
APN 36-3S-16-02611-006
UPID US18-3984779

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2281 Us Hwy 90 Lake City, FL 32055-4725
Lake City metro Census 110500 LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.38M

Owner & transaction history

since 2021
Last sale
$1.4M
2 recorded transactions
2021
$1.4M
2006
$1.2M

Zoning & alternative use

CI · Lake City, FL
Zoning description

except for signs in Commercial, Intensive (CI), Commercial, Highway Interchange (CHI), Industrial, Light and Warehousing (ILW) and Industrial (I) zoning districts, which shall be no higher than thirty-five (35) feet from…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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