701 Canal St Mulberry, FL 33860-2512
This 3,140-square-foot vacant storefront in Mulberry, Florida, presents a compelling value-add opportunity for owner-users or investors. Located at 701 E Canal St, this C-2 zoned property sits on a 0.22-acre lot and offers 16 parking spaces. Built in 1944 and renovated in 2022 (including a new roof), the building is ready for immediate occupancy. The property enjoys high visibility on a main thoroughfare with an average daily traffic count of 23,000 vehicles. Its strategic location near established businesses and the planned construction of the new Mulberry City Hall across the street promises increased foot traffic and potential for synergy. The permitted uses under C-2 zoning include retail, restaurant, medical, and more. While previously a laundromat, a deed restriction prohibits future operation of any coin laundry or laundromat on the site. The asking price is $425,000 ($146.50/sq ft). This fee-simple property offers significant potential for growth and return on investment. The property's APN is 23-30-01-142480-003040/003030.
1. In a commercial PD, the uses allowed in Mulberry's C-1 and C-2 zoning districts may be permitted as principal or accessory uses. 2. In a commercial mixed use PD, the uses allowed in Mulberry's C-1, C-2 and R- 1H zoning districts may be permitted as principal or accessory uses. 3. In an industrial PD, the uses allowed in Mulberry's I -L and I-H zoning dist…
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
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Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Mulberry, FL1. In a commercial PD, the uses allowed in Mulberry's C-1 and C-2 zoning districts may be permitted as principal or accessory uses. 2. In a commercial mixed use PD, the uses allowed in Mulberry's C-1, C-2 and R- 1H zoning districts may be permitted as principal or accessory uses. 3. In an industrial PD, the uses allowed in Mulberry's I -L and I-H zoning districts may be permitted s principal or accessory uses. 4. In an industrial mixed use PD, the uses allowed in Mulberry's I-L, I-H and C-2 zoning districts may be permitted as principal or accessory uses. 5. In a residential PD, the following uses shall be permitted: a. Dwelling, one-family; b. Dwelling, two-family; c. Dwelling, multifamily; d. Townhouses; e. Public and private recreation facilities; f. Churches and other houses of worship; g. Child and adult day care centers; h. Convenience, goods, retail and personal service stores primarily intended and designed to service the residents of the PD; Page 5 of 10 11/17/25 CITY OF MULBERRY * PO Box 707 * Mulberry, Florida 33860 * (863) 425-1125 x 251 APPLICATION FOR PLANNED DEVELOPMENT i. Essential services; j. Foster home; k. Adult family care home, family day care home, family foster care; l. Special need housing and facilities, upon approval of a specific location and site plan within the PD; m. Home occupations subject to the provisions contained herein. (F) Internal compatibility: All land uses within the proposed development shall be compatible with other proposed uses. The planning commission and the city commission shall consider the following factors in judging internal compatibility: 1. The streetscape. 2. The existence or absence of, and the location of, open spaces, plazas, recreational areas and common areas. 3. The use of existing and proposed landscaping. 4. The treatment of pedestrian ways. 5. Focal points and vistas. 6. The use of the topography, physical environment and other natural features. 7. Traffic and pedestrian circulation pattern. 8. The use and variety of building setback lines, separations and buffering. 9. The use and variety of building groupings. 10. The use and variety of building sizes and architectural styles. 11. The use and variety of materials. 12. The separation and buffering of parking areas and sections of parking areas. 13. The variety and design of dwelling types. 14. The particular land uses proposed and the conditions and limitations thereon. 15. The form of ownership proposed for various uses. 16.
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.
