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1100 N Marion Ave 1084-1100 N Marion Ave

10,901 SF 100% Leased Retail Building Lake City, FL 32055 $687,473 CAD ($63 CAD/SF)

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Investment Highlights

Generates $4,000 monthly with tenants paying utilities, ensuring consistent profitability.
Situated off S US Highway 441, offering high visibility and accessibility.
Presents an opportunity for immediate cash flow and long-term value appreciation in a thriving commercial hub.

Occupied by tenants for over 5 years, indicating satisfaction and reliability.
Potential for future redevelopment or continued income generation as a multi-tenant property.

Executive Summary

Expansive, multi-tenant investment property. Currently, utilized as a restaurant, automobile repair business, and tire-repair business. Long-standing tenants with month-to-month agreements. Approximately 11,000 square feet under roof with an external 24' x 40' concrete block, three-bay building. The facility was originally an automobile dealership and now houses three separate businesses.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,901 SF

Building Class

Year Built

1951

Price

$687,473 CAD

Price Per SF

$63 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.38

Lot Size

0.65 AC

Zoning

CI - Commercial

Parking

20 Spaces (1.83 Spaces per 1,000 SF Leased)

Frontage

186 ft on Bascom Norris Dr

Amenities

Dedicated Turn Lane

Signalized Intersection

1 of 1

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PROPERTY TAXES

Parcel Numbers	Multiple 00-00-00-11604-014 00-00-00-11605-000 00-00-00-11631-000 00-00-00-11604-000	Improvements Assessment	$227,161 CAD
Land Assessment	$79,976 CAD	Total Assessment	$307,137 CAD