821 SW M L King Drive,
MADISON, Florida FL32340
Active
Price$1,100,000
821 SW M L King Drive,
MADISON, Florida FL32340
Active
Price$1,100,000
Listing ID353002
Property Type:
Commercial Sale
Commercial Sale
Bedrooms
0
Bathrooms
Bathrooms
3,800
Sq Ft
Sq Ft
Year Built
Days
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!
County
Madison
Property Sub Type
Business
Property Type
Commercial Sale
Cooling
yes
Cooling Type
Central Air
Heating Type
Central
Construction Materials
Frame, Metal Frame
Exterior Features
Storage
Lot Features
Level
Number Of Units Total
3
Parking Features
Paved, Parking Space(s)
Road Frontage Type
State Road
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Roof
Metal
Building Area Source
Public Records
MLS Area Major
Madison
Topography
Cleared,Level
Business Type
Convenience Store, Professional Service, Restaurant, Retail
CLIP
2123784040
Current Use
Other
Documents Available
Other, Tax Information
Lease Considered
no
Listing Terms
Cash, Conventional, 1031 Exchange, Other
Net Operating Income
143000
Rent Includes
All Utilities
© 2023 Tallahassee MLS (CATRS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of CATRS. Real estate listings held by IDX Brokerage firms other than Superior Realty Group LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the names of the listing brokers. The information being provided is 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 not guaranteed. Listing courtesy of Optimizing CRE LLC. Data last updated: Wednesday, March 29th, 2023 at 03:50:21 AM.
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