101 Commercial DrKeystone Heights, FL 32656

Property Details for 101 Commercial Dr

Year built

2003

Construction

STEEL FRAME

Lot size

1.83 AC

Property size (Sq ft)

9,176 SF

Zone code

CG

Property type

Retail space

APN

20-08-23-002170-001-14

APU

20082300217000114

Description

This exceptional 5,000 square foot commercial property, situated on a 1.8-acre lot in Keystone Heights, Florida, presents a remarkable investment opportunity. Located at 101 Commercial Drive, this single-story building boasts a prime corner location at State Road 100, benefiting from excellent visibility and accessibility due to a nearby traffic signal. Currently vacant, the property is zoned Commercial General, offering a wide array of potential uses. Permitted uses include, but are not limited to, retail outlets, restaurants, lawn care businesses, pest control services, financial institutions, professional offices, retail plant nurseries, auto service centers, and indoor produce markets. The building's existing use by exception permits mini-warehouses or storage units. The asking price is $2,200,000, translating to $440 per square foot. An additional 0.87-acre lot adjacent to the rear of the property is also available for purchase, providing further expansion potential. This property is ideal for investors seeking a versatile commercial space with high visibility and diverse development options in a growing Florida community. The property's address is 32656, Clay County, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $2,256,910

  6.5%

  $2,083,300

  7%

  $1,934,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $649,022

  Geo Method

  $649,022

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,051,130

  Mixed-Use / Specialty

  $2,080,530

  Hospitality / Lodging

  $1,532,470

  Office

  $2,073,010

  Institutional / Educational

  $2,164,570

  Residential Income

  $2,532,550

  Multifamily

  $3,011,610

  Automotive / Energy

  $1,855,350

  Parking / Income-Based Land

  $635,662

  Restaurant / Food Service

  $1,092,030

  Healthcare / Senior Housing

  $2,128,770

Location Insight

City

Keystone Heights

County

Clay

State

Florida

Latitude

29.7833

Longitude

-82.0259

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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