4134 Us Hwy 90 Lake City, FL 32055-8729
- Retail space
- 2,380 SF
- 1.39 lot acres
Jan 24, 2025
Current Use by Public Records
- Herbalife Lake City Nutrition / Tea Store / Coffee Shop
- E & J Tax Group / Corporate Office
Property Details for 4134 Us Hwy 90
- Year built
- 1988
- Construction
- FRAME
- Lot size
- 1.39 lot acres
- Property size
- 2,380 SF
- Property type
- Retail space
- APN
- 34-3S-16-02491-001
- APU
- 343S1602491001
Description
This exceptional investment opportunity presents a thriving, multi-tenant retail center located at 4134 W US Highway 90 in Lake City, Florida. The property, encompassing 1.388 acres, consists of two buildings totaling 8,340 square feet, constructed in 2013. Currently boasting 100% occupancy with three established tenants – Lake City Nutrition, D'Styles Hair Salon, and Harvest Church – the center generates a strong Net Operating Income (NOI) of $63,252, with a pro-forma NOI projected at $87,374. The asking price is $999,000, representing a current cap rate of 6.33% and a pro-forma cap rate of 8.75%. The property features 36 parking spaces and is zoned for STORE use. The buildings are a mix of construction materials including concrete block and stucco, frame, and steel, with metal roofing and aluminum windows. The property benefits from energy-efficient construction, resulting in low operating costs, with power bills consistently ranging from $300 to $350. The sale includes the land, buildings, existing businesses, inventory, machinery, fixtures, furniture, security system, and client lists. This prime Highway 90 location offers unparalleled visibility and accessibility, making it an ideal investment for discerning buyers seeking a high-return, multi-tenant retail property in a growing market. The property's three-story design and 12-foot ceilings provide ample space for current and future tenants. The remaining lease term for the current tenants is one year. The property's APN is 34-3S-16-02491-001. This is a value-add investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.7003
- Latitude
- 30.18
- CBSA code
- 29380
- CBSA name
- LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
