1100 Marion StLake City, FL 32055

Property Details for 1100 Marion St

Year built

1951

Property type

Mixed-use properties

Description

This exceptional investment opportunity presents a lucrative mixed-use property located at 1100 N Marion Avenue, Lake City, Florida, 32055. The property, encompassing approximately 11,000 square feet under roof, consists of two buildings constructed in 1951 and sits on a lot with an unspecified size. Currently, the property is generating income from three established tenants: a restaurant, an automobile repair business, and a tire repair business. These tenants operate under month-to-month agreements, offering flexibility for future development or lease renegotiation. The main structure, originally an automobile dealership, has been adapted to accommodate the current tenants. A significant feature is a separate, substantial 24' x 40' concrete block building with three bays, adding to the property's versatility and potential. The property is identified by parcel numbers 00-00-00-11604-000, 00-00-00-11631-000, 00-00-00-11604-014, and 00-00-00-11605-000. This expansive property offers a strong foundation for a diverse range of investment strategies, with the potential for increased rental income and long-term appreciation. The asking price for this prime Lake City, Florida investment is $549,000.

Location Insight

City

Lake City

County

Other Florida

State

Florida

Latitude

30.2038

Longitude

-82.6377

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