667 3rd Ave, Welaka, FL 32193-3401
This exceptional commercial property, situated at 667 3rd Avenue in Welaka, Florida, presents a unique investment opportunity. Built in 2004, the well-maintained building boasts modern, neutral finishes and is zoned General Commercial (GC) by the Town of Welaka. The property's 0.23-acre lot includes Lot 1, offering excellent visibility and ample space. The building features an open floor plan, providing flexibility for various business types, from retail storefronts to offices or service-based businesses. A full-size kitchen with abundant cabinetry and a dishwasher is included. An added benefit is an efficiency apartment with a separate rear entrance, offering privacy and approximately 192 square feet of additional deck space. Two ADA-compliant bathrooms are available, one with a full-size shower and washer/dryer hookups. Large storefront windows are perfect for retail displays and signage. The property also features easy-to-maintain landscaping with mature trees. The thriving commercial market in Welaka, fueled by large-scale developments and growth in retail, tourism, and residential sectors, makes this a prime investment opportunity with endless income potential, whether through business operation or apartment rental. A survey is available for reference. This property is ready for immediate occupancy.
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.