15035 Us Highway 301Waldo, FL 32694

  • Retail properties
  • 3,330 SF
For Sale
$875,000 View listing

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
15035 Us Highway 301, Waldo, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,444
$37,875
$231,837
$269,712
-
$37,875
$231,837
$269,712

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