329 Market BlvdWebster, FL 33597

  • Grocery and convenience stores
  • 2,128 SF
For Sale
$1,500,000 View listing

Property Details for 329 Market Blvd

Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.74 AC
Property size (Sq ft)
2,128 SF
Property type
Grocery and convenience stores
APN
Q31C028
APU
Q31C028

Description

This exceptional commercial property in Webster, Florida presents a unique investment opportunity. Located on a 0.74-acre lot at 329 N Market Boulevard, this established business boasts 2,128 square feet of retail space. Currently operating as a thriving gas station, convenience store, and meat market, the property benefits from a loyal customer base and high visibility due to its strategic placement on a major state road. The business enjoys proven profitability and significant growth potential. The property includes modern equipment and fixtures, ensuring seamless operations. Ample parking and convenient vehicle access further enhance its appeal. The existing infrastructure and loyal clientele provide a solid foundation for continued success, making it an attractive proposition for both investors and entrepreneurs seeking a well-established business in a rapidly growing area of Florida. This versatile property offers significant expansion opportunities, capitalizing on its prime location and established customer base. The property's operational efficiency is enhanced by its design, which prioritizes customer convenience and ease of access. This is a rare chance to acquire a turnkey operation with immediate revenue generation potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $914,252
    6.5%
    $843,925
    7%
    $783,644
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,099,341
    Geo Method
    $842,083
  • Alternative Use

    Use
    Valuation
    Residential
    $711,882
    Hospitality
    $652,080
    Educational
    $542,523
    Medical
    $561,181
    Retail
    $843,925

Location Insight

City
Webster
County
Sumter
State
Florida
Latitude
28.6129
Longitude
-82.0543
CBSA code
45540
CBSA name
THE VILLAGES, FL MICROPOLITAN 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
$3,957
$85,530
$161,710
$247,240
-
$85,530
$161,710
$247,240

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