For Sale
$428,000

697 Anderson RdGroveland, FL 34736

High-growth area, updated retail building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional owner-user retail property, located at 697 Anderson Rd, Groveland, FL 34736, presents a compelling investment opportunity in one of Florida's fastest-growing cities. The 1,161 square foot free-standing building sits on a 0.44-acre lot and boasts a prime location on Highway 33 South, less than half a mile from Highway 50, ensuring high visibility and accessibility. Built in 1987 and extensively renovated in 2021, the property features fresh pavement, new paint, and attractive landscaping. The C-2 zoning allows for a variety of commercial uses. The building's asking price is $428,000, translating to $368.65 per square foot. Groveland's remarkable population growth of 88.4% over the past decade, coupled with its strategic location in the path of westward expansion from Orlando, makes this a rare opportunity to capitalize on a thriving market. Highway 50's daily traffic count of 30,000 vehicles further underscores the property's exceptional potential. The property's single-story design and ample lot size offer flexibility for future expansion or development. This is an ideal investment for owner-users seeking a well-maintained, high-visibility location in a rapidly expanding market. The property's APN is 2813202.

Highlights

  • 1,161 SF free-standing retail building on a 0.44-acre lot in Groveland, FL.
  • Prime location on Hwy 33 S, less than 0.5 miles from Hwy 50, offering high visibility and accessibility.
  • 88.4% population increase in Groveland over the past decade, situated in Orlando's westward expansion path.
  • Hwy 50 boasts 30,000 vehicles daily.

Property Details for 697 Anderson Rd

Property type
Retail properties, Freestanding property
Square Feet
1,161 SF
Year Built/Renovated
1987/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Groveland
County
Lake
State
Florida
Latitude
28.550868904501
Longitude
-81.8519974
697 Anderson Rd, Groveland, Florida

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697 Anderson Rd
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