302 S Center St, Pierson, FL 32180
For Sale
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This exceptional investment opportunity presents a thriving dual-purpose commercial property located at 302 S Center Street, Pierson, Florida. The property encompasses 2,630 square feet on a 1.23-acre lot and boasts a successful restaurant and a 24/7 self-service laundromat, ensuring consistent revenue streams. The restaurant, operating Monday-Friday from 8 AM to 8 PM, offers indoor seating for 40 and an enclosed patio for 12 additional guests. Its prime location on a busy highway attracts a steady flow of local customers and travelers. The laundromat features 18 washers and 15 dryers, with all but two units replaced four years ago. A new hot water heater was also installed four years ago. Its 24/7 operation provides a reliable income stream, serving residents of Pierson, neighboring towns, and travelers. The property benefits from its strategic location, just 20 minutes north of Deland and 30 minutes from both Ormond Beach and Ocala. Furthermore, the area is experiencing significant growth, with a large Bass Pro Shops resort under construction 20 minutes away and a new Dunkin' Donuts being built just 5 minutes south in Barberville. This development promises increased traffic and customer base, presenting significant potential for future expansion and increased profitability. This turnkey operation is ideal for both seasoned entrepreneurs and first-time business owners seeking a stable and rapidly appreciating asset in a high-growth area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.