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821 SW M L King Drive

Madison, FL 32340
  • $1,100,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 353002
UPDATED: 33 min ago
$1,100,000
  • 0
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

This Awesome well known C-store/restaurant business is for sale, including the real estate! This is currently income producing, business revenue on the low side is generating $175K with an NOI of 143k! That's at least a 13% Cap! This building is located on the corner of a main road in Madison. Location, location, location the property is across the street from a 70+ unit apartment complex which in turn give the store a steady supply of customers! The business is doing well & the building is in great shape. Building is less than 10 yrs old! 3 units, in the 1 building. Plenty of parking available. The restaurant potion of the building also generates income from event space rentals. Just so many possibilities with this property!

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© 2023 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Xcellence Realty. Data last updated: 2023-01-29T16:14:29.383.
www.tallahasseehomesandland.com/homes/134803441
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821 SW M L King Drive Madison, FL 32340

  • Price: $1,100,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 33 min ago
  • MLS #: 353002
0
Beds
0
Baths
0
½ Baths
0.75
Acres
Neighborhood:
Madison
County:
Madison
Area:
Madison
Property Description
This Awesome well known C-store/restaurant business is for sale, including the real estate! This is currently income producing, business revenue on the low side is generating $175K with an NOI of 143k! That's at least a 13% Cap! This building is located on the corner of a main road in Madison. Location, location, location the property is across the street from a 70+ unit apartment complex which in turn give the store a steady supply of customers! The business is doing well & the building is in great shape. Building is less than 10 yrs old! 3 units, in the 1 building. Plenty of parking available. The restaurant potion of the building also generates income from event space rentals. Just so many possibilities with this property!
Exterior Features

Construction Materials FrameMetal Frame Exterior Features Storage Lot Features Level Parking Features PavedParking Space(S) Road Frontage Type State Road Road Responsibility Public Maintained Road Road Surface Type Paved Roof Metal Topography ClearedLevel

Interior Features

Cooling Central Air Cooling YN Yes Heating Central

Property Features

Building Area Total 3800 Business Type Convenience StoreProfessional ServiceRestaurantRetail Current Use Other Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms CashConventional1031 ExchangeOther Net Operating Income 143000 Property Sub Type Business Rent Includes All Utilities

Listing information © 2023 Capital Area Technology & Realtor Services
Listing provided courtesy of Optimizing Cre Llc: 850-841-0097.


© 2023 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Xcellence Realty. Data last updated: 2023-01-29T16:14:29.383.
 
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Xcellence Realty
835-B E. Park Avenue
Tallahassee FL, 32301