15035 Us Highway 301Waldo, FL 32694

Property Details for 15035 Us Highway 301

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.47 AC

Property size (Sq ft)

3,330 SF

Zone code

COMM

Property type

Grocery and convenience stores

APN

17064-001-000

APU

17064001000

Description

This exceptional 3,000 square foot retail property, located at 15035 NE US Hwy 301 in Waldo, Florida (32694), presents a compelling value-add investment opportunity. Situated on a 0.47-acre corner lot, this freestanding building boasts a highly visible location next to the post office, ensuring maximum exposure. Previously utilized as a convenience store and gas station, the property is currently vacant, offering a blank canvas for redevelopment. All underground fuel tanks have been removed, simplifying the redevelopment process. The property benefits from significant traffic volume, with a 2023 AADT (Average Annual Daily Traffic) count of 24,500 vehicles on US Hwy 301. The building, constructed in 1996, features two stories and is zoned COMM. The asking price is $875,000, translating to $291.67 per square foot. This represents a unique chance to acquire a strategically positioned retail space in a high-traffic area with significant redevelopment potential. The Alachua County property (APN: 17064-001-000) offers a single tenancy and is ready for its next chapter. Don't miss this chance to capitalize on this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,057,097

  6.5%

  $975,782

  7%

  $906,083

• Comparable approach

  Method

  Valuation

  Relative Method

  $570,713

  Geo Method

  $570,713

• Alternative Use

  Use

  Valuation

  Residential

  $823,108

  Hospitality

  $753,963

  Educational

  $627,288

  Medical

  $648,862

  Retail

  $975,782

Location Insight

City

Waldo

County

Alachua

State

Florida

Latitude

29.7932

Longitude

-82.1671

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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