16302 Highway 19Cross City, FL 32628

Property Details for 16302 Highway 19

Year built

1950

Construction

CONCRETE

Lot size

0.32 AC

Property size (Sq ft)

8,272 SF

Zone code

C-3

Property type

Retail properties

APN

04-10-12-1808-0002-001.0

APU

41012180800020010

Description

This exceptional 8,272-square-foot free-standing retail building presents a compelling investment opportunity in Cross City, Florida. Situated on a 0.32-acre lot at 16302 SE Hwy 19, this single-tenant property boasts high visibility on a major retail corridor with an average daily traffic count exceeding 9,000 vehicles. Built in 1950 and renovated in 1990, the building offers a single story and is zoned CI-Commercial Intensive, allowing for a wide range of commercial uses. The property features readily available power and is conveniently located in Dixie County, Florida, with the address 16302 SE Hwy 19, Cross City, FL 32628. Its prime location on US Highway 19 ensures maximum exposure and accessibility for businesses. The property's parcel number is 04-10-12-1808-0002-0010. This is an ideal opportunity for businesses seeking high visibility and convenient access to a substantial daily traffic flow. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,291,368

  6.5%

  $2,115,109

  7%

  $1,964,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,481,902

  Geo Method

  $1,481,902

• Alternative Use

  Use

  Valuation

  Residential

  $1,784,174

  Hospitality

  $1,634,294

  Educational

  $1,359,713

  Medical

  $1,406,476

  Retail

  $2,115,109

Location Insight

City

Cross City

County

Dixie

State

Florida

Latitude

29.6361

Longitude

-83.1296

Property Tax & Assessments

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