3490 Dunnellon RdDunnellon, FL 34433

Property Details for 3490 Dunnellon Rd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.39 AC

Property size (Sq ft)

1,440 SF

Zone code

GNC GEN COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

18E-17S-04-1A0A0-006.5

APU

18E17S041A0A00065

Description

This exceptional 1,440 square foot commercial property, situated on a 0.39-acre lot at 3490 W Dunnellon Road in Dunnellon, Florida, presents a fantastic investment opportunity. Currently configured as a two-unit building, previously occupied by a restaurant and a wellness store, each unit offers 720 square feet of versatile space. Both units include bathrooms and kitchen sink areas, providing ample flexibility for a variety of businesses. The open floor plans allow for creative layouts to suit diverse operational needs. The property boasts abundant parking, a covered porch extending the length of the building, and a sizable grassy area at the rear, offering potential for outdoor seating, a cooking area, or additional parking expansion. The property's location on heavily traveled Dunnellon Road ensures high visibility and accessibility. A new well is in place. The building is currently vacant and ready for immediate occupancy, making it ideal for entrepreneurs seeking a prime commercial location in a thriving area. The asking price is $287,000. This property offers a unique blend of convenience, visibility, and potential, making it an attractive proposition for discerning investors and business owners.

• CAP approach

  CAP return

  Valuation

  6%

  $397,738

  6.5%

  $367,142

  7%

  $340,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,728

  Geo Method

  $662,728

• Alternative Use

  Use

  Valuation

  Residential

  $309,698

  Hospitality

  $283,682

  Educational

  $236,020

  Medical

  $244,137

  Retail

  $367,142

Location Insight

City

Dunnellon

County

Citrus

State

Florida

Latitude

29.0359

Longitude

-82.4935

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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