8717 State Road 100Lulu, FL 32061

Property Details for 8717 State Road 100

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 AC

Property size (Sq ft)

2,307 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

00-00-00-10452-000

APU

10452000

Description

This exceptional 2,307 square foot retail property, situated on a 0.54-acre lot at 8717 SE State Road 100 in Lulu, Florida, presents a unique investment opportunity. Completely renovated, this building boasts immaculate workmanship and is ready for immediate occupancy. Built in 1958, it has a rich history of successful businesses and is now poised for its next chapter. The property features a large front porch with attractive brick pavers and sidewalks leading to convenient outdoor restrooms. An outdoor barbecue pit with a concrete slab provides ample space for outdoor entertaining or relaxation. The interior offers a lower-level register area complete with functional coolers and a merchandise display area. Upstairs, a spacious open area allows for versatile use and customization to suit various business needs. A full bathroom, a large galley-style kitchen, and multiple storage and laundry closets add to the property's functionality. Located on State Road 100, this property benefits from exceptional visibility, with a daily traffic count of 4,400 vehicles according to the Department of Transportation. This high traffic volume eliminates the need for expensive advertising, ensuring maximum exposure for your business. The property's combination of prime location, recent renovations, and versatile layout makes it an ideal choice for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $732,349

  6.5%

  $676,014

  7%

  $627,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,386

  Geo Method

  $395,386

• Alternative Use

  Use

  Valuation

  Residential

  $570,244

  Hospitality

  $522,340

  Educational

  $434,581

  Medical

  $449,527

  Retail

  $676,014

Location Insight

City

Lulu

County

Columbia

State

Florida

Latitude

30.1084

Longitude

-82.4914

CBSA code

29380

CBSA name

LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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