FL-47

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FL-47

lake-city, FL 32024
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

Located along the FL-47 corridor in Lake City, Florida, this retail property occupies a transitional position between the city’s residential neighborhoods and regional commercial hubs. The area is characterized by a mix of local service businesses and proximity to the major intersection of State Road 47 and US-441. Nearby amenities include several established quick-service restaurants, grocery outlets, and small-scale professional offices. The site is easily accessible via major county roads and is positioned just a short drive from the Interstate 75 interchange, providing a connection to the broader North Florida transportation network. The property is suited for general retail use, professional services, or small-scale distribution. Given the road frontage and local traffic patterns, the site is an appropriate fit for tenants such as convenience retailers, specialty hardware stores, or automotive service providers seeking a visible presence. The layout supports businesses that benefit from a mix of local neighborhood customers and commuters traveling through the corridor. Typical tenant profiles for this asset type include regional franchises, independent retailers, and service-oriented businesses requiring both storefront visibility and accessible parking for a mobile client base.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times