1156 State Road 20Interlachen, FL 32148

Property Details for 1156 State Road 20

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.58 AC

Property size (Sq ft)

1,242 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

15-10-24-4050-030.0-001.1

APU

151024405003000011

Description

This exceptional investment opportunity presents a thriving commercial complex in Interlachen, Florida, currently generating strong rental income. Located at 1156 State Road 20, this property encompasses a substantial 25,264.8 square foot lot and features a single-story building constructed in 1971. The complex includes four income-producing rental units: Nanna's Restaurant, Angie's Cutz N Styles, Cindy's Nails, and an additional property at 101 N Long Ave. Nanna's Restaurant, a popular eatery, boasts seating for approximately 50 patrons and consistently enjoys high customer traffic. The other businesses are also well-established and successful. Recent improvements include a new roof and a newly paved parking lot, minimizing immediate maintenance needs. The asking price for this turnkey operation is $489,500, offering a compelling return on investment for savvy buyers seeking a stable and profitable commercial property in a desirable location. This property is zoned for commercial use and presents a rare opportunity to acquire a multi-tenant complex with established businesses and significant income potential. The property's location on State Road 20 ensures high visibility and accessibility, further enhancing its appeal to both tenants and investors. This is a truly exceptional opportunity to acquire a well-maintained, income-generating property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $265,182

  6.5%

  $244,784

  7%

  $227,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,926

  Geo Method

  $130,926

• Alternative Use

  Use

  Valuation

  Residential

  $244,784

  Hospitality

  $224,220

  Educational

  $186,549

  Medical

  $192,964

  Retail

  $290,187

Location Insight

City

Interlachen

County

Putnam

State

Florida

Latitude

29.6279

Longitude

-81.8883

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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