For Sale
$425,000

701 Canal St Mulberry, FL 33860

3,140 SF Storefront, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • High-visibility location on E Canal St, Mulberry, FL.
  • Adjacent to the future City Hall.
  • Corner lot with excellent access.
  • High traffic count: 23,000 vehicles daily.
  • C-2 zoning allows diverse commercial uses (liquor store, hospitality, retail, restaurant, convenience store, medical).
  • New roof (2022).

Property Details for 701 Canal St

Property type
Retail properties, Retail space
Square Feet
3,140 SF
Class
C
Year Built/Renovated
1944/2022
Buildings
1
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Mulberry
County
Polk
State
Florida
Latitude
27.894864068785
Longitude
-81.967679580854

FAQs

What type of property is this?
Retail property - 3,140 SF Storefront, Value-Add Opportunity
Where is the retail property located?
The property is located at 701 Canal St Mulberry, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High-visibility location on E Canal St, Mulberry, FL.; Adjacent to the future City Hall.; Corner lot with excellent access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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701 Canal St
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