8717 State Road 100Lulu, FL 32061

  • Retail properties
  • 2,307 SF
For Sale
$204,900 View listing

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
8717 State Road 100, Lulu, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,256
$5,876
$64,956
$70,832
-
$5,876
$64,956
$70,832

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