For Sale
$549,000

1100 Marion RdLake City, FL 32055

Prime Restaurant & Multi-Tenant Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,640 square foot retail property located at 1100 Marion Rd, Lake City, FL 32055. Built in 1951, this expansive property currently houses three established businesses: a restaurant, an automobile repair shop, and a tire repair shop. All tenants operate under month-to-month agreements, offering flexibility and potential for future income growth. The property boasts approximately 11,000 square feet under roof, including a substantial 24' x 40' concrete block, three-bay building, originally part of an automobile dealership. The property's layout is well-suited for continued multi-tenant use or redevelopment, catering to a variety of commercial ventures. The asking price is $549,000. This property is situated within NW Division Thompson SD Block A, offering excellent visibility and accessibility. The substantial building size and existing tenant base provide a strong foundation for a lucrative investment, presenting a rare opportunity in the Lake City market. The property's history as an automobile dealership adds to its unique character and potential for adaptive reuse. This is a prime opportunity for investors seeking a stable, multi-tenant income stream with significant upside potential.

Highlights

  • $549,000 asking price.
  • 3,640 square foot retail restaurant space.
  • Built in 1951.
  • Located at 1100 Marion Rd, Lake City, FL 32055.

Property Details for 1100 Marion Rd

Property type
Retail properties, Restaurants
Square Feet
3,640 SF
Year Built
1951

Location Insight

City
Lake City
County
Columbia
State
Florida
Latitude
30.2730727
Longitude
-82.605118
1100 Marion Rd, Lake City, Florida

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1100 Marion Rd
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