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113 Summit St Crescent City, FL 32112

Vacant Storefront, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 4,112 square foot freestanding retail storefront is located at 113 N Summit St, Crescent City, FL 32112, in Putnam County. Currently vacant, this property presents a compelling value-add opportunity for investors seeking to capitalize on a strong location and high traffic counts. The building enjoys a prominent position on N Summit St, with over 10,000 vehicles passing daily, ensuring excellent visibility and accessibility for future tenants. The property benefits from a substantial population base, with over 3,000 residents within a three-mile radius, and projected population growth of +0.37% through 2028. This indicates a stable and growing market for retail businesses. The location is strategically situated between Orlando and Jacksonville, offering convenient access to a larger regional market. Florida's income tax-free status further enhances the investment appeal. This vacant storefront provides a blank canvas for a creative investor to develop a thriving retail space, taking advantage of the high traffic volume and growing population in this desirable location. The property is available for sale or lease.

Highlights

  • Value-add retail opportunity in Crescent City, FL, offering potential for increased rental income.
  • Strong demographics: 3,000+ residents within a 3-mile radius, projected 0.37% population growth through 2028.
  • High traffic counts: 10,000+ vehicles daily on N Summit St.
  • Attractive tax benefits: Located in Florida, an income tax-free state.
  • Excellent location: Centrally positioned between Orlando and Jacksonville, FL.

Property Details for 113 Summit St

Property type
Retail properties, Retail space
Square Feet
4,112 SF

Location Insight

City
Crescent City
County
Putnam
State
Florida
Latitude
29.4319884
Longitude
-81.5107795

FAQs

What type of property is this?
Retail property - Vacant Storefront, Value-Add Opportunity
Where is the retail property located?
The property is located at 113 Summit St Crescent City, FL.
What are key features of this property?
This property features: Value-add retail opportunity in Crescent City, FL, offering potential for increased rental income.; Strong demographics: 3,000+ residents within a 3-mile radius, projected 0.37% population growth through 2028.; High traffic counts: 10,000+ vehicles daily on N Summit St.
How can I contact the broker?
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113 Summit St
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