8717 State Road 100Lulu, FL 32061
- Retail properties
- 2,307 SF
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
- Retail properties
- Property subtype
- Strip malls
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
FAQs
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