320 N Cherry St Monticello, FL 32344
For Sale
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This exceptional 2,406 square foot commercial property, situated at 320 N Cherry Street in Monticello, Florida's vibrant downtown business district, presents a unique investment opportunity. Previously operating as a restaurant, this building boasts a highly visible street frontage within a popular and bustling area, ensuring excellent exposure to potential customers. The 0.05-acre lot provides ample space for outdoor seating or potential expansion, depending on future use. The interior layout is well-suited for a variety of food service businesses or other commercial ventures, offering a flexible space adaptable to diverse needs. The property's prime location in the heart of Monticello's commercial center guarantees high foot traffic and easy accessibility for customers. This presents a rare chance to acquire a well-positioned commercial space in a thriving downtown area. The asking price of $185,000 reflects the property's significant potential for return on investment. Serious inquiries are encouraged to explore the possibilities this property offers. The building's existing infrastructure provides a solid foundation for a new business venture, minimizing initial setup costs and allowing for a swift transition into operation. This is an ideal opportunity for entrepreneurs seeking a turnkey solution in a high-demand location.
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.