15035 Us Highway 301Waldo, FL 32694
- Retail properties
- 3,330 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
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