14626 Waldo RdWaldo, FL 32694

Property Details for 14626 Waldo Rd

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

3,615 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

17172-004-000

APU

17172004000

Description

This exceptional 5,175 square foot retail property, previously used as an event hall, is ideally situated on the bustling NE Waldo Road in Waldo, Florida, zip code 32694. Its prime location offers significant redevelopment potential for savvy investors or owner-users. The property benefits from its strategic placement along Waldo Road, a major thoroughfare connecting surrounding counties to Gainesville, ensuring high visibility and substantial daily traffic. This key route sees a large volume of commuters traveling between Jacksonville, Gainesville, and other nearby areas, creating a robust customer base. Further enhancing its appeal, the property enjoys convenient access to Highway 301, a primary north Florida artery linking Jacksonville, Gainesville, and Ocala. Adding to its accessibility, the Gainesville Regional Airport, a significant transportation hub serving 531,246 travelers in 2023, is located nearby. This presents a unique opportunity to capitalize on the area's growing population and economic activity. The property is classified as retail, with subtypes of restaurant and storefront, making it suitable for a variety of commercial uses. Alachua County location provides additional market advantages.

• CAP approach

  CAP return

  Valuation

  6%

  $1,147,569

  6.5%

  $1,059,294

  7%

  $983,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,558

  Geo Method

  $619,558

• Alternative Use

  Use

  Valuation

  Residential

  $893,555

  Hospitality

  $818,491

  Educational

  $680,975

  Medical

  $704,395

  Retail

  $1,059,294

Location Insight

City

Waldo

County

Alachua

State

Florida

Latitude

29.7893

Longitude

-82.1693

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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