US Reliance Solutions Inc
Listed by US Reliance Solutions Inc
$3,500,000
843 Pinewood Dr SW
Details
Property Type Mixed Use, Retail
Sub Type Shopping Center
Square Footage 104,150
Units 15
Cap Rate 3.43%
NOI $120,000
Occupancy 50%
Pro-Forma Cap Rate 7.14%
Pro-Forma NOI $250,000
Class C
Year Built 1976
Acreage 7.310
Zoning commercial
Parking Spaces 320 spaces
Parking Per SqFt 3.07
Shopping center and development deal rare opportunity Suwanne County Mall
Marketing description
The Suwannee County Mall, located at 843 Pinewood Dr. Live Oak, FL 32064. Positioned at the hard signalized corner of Pinewood Dr. and Walker Ave., the property is shadow-anchored by Winn-Dixie, is in the heart of Live Oak’s retail node, and is surrounded by Suwannee County’s educational system K-12 and Riveroak Technical College. Identified as a class C neighborhood center, this +/- 104,150 SF structure is situated on 7.31 acres and was built in 1976. Boasting 565 FT of frontage on Pinewood Dr and 350 FT on Walker Ave, this property has 8 points of ingress/egress, +/- 320 parking spaces, and is in immediate proximity of main & main streets in Live Oak, FL.
The property is 15 minutes drive to he Suwannee Music Park. Suwannee Hulaween is a 4-day music and arts festival featuring over 50 national, regional, and local musicians.20,000 tickets sold which is around $5.6M tickets income. The Suwannee County Mall is perfect for future development especially for Music themed hotels. The events is all year around. The property is close to Jackson Ville Port and the property has been hosted warehouse , show room and retail for years. That is good location for import and export business too.
With 65% Occupancy, the Building Hosts an Array of Local Tenants Throughout the Center in Storefront Retail and Office Space, Allotting Efficiency and Effectiveness In Traffic Flow Throughout the Property. Boasting 565 Ft of Frontage on Pinewood Dr and 350 Ft on Walker Ave, This Property Has 8 Points of Ingress/egress, +/- 320 Parking Spaces, and is in Immediate Proximity of Main & Main Streets in Live Oak, Fl.
Investment highlights
- Significant Value Add Through Lease Up
- Shadow Anchored by Winn-dixie
- Located Near the I-10 and I-75 Corridors
- Parking Lot Recently Repaved and Restriped
- Outparcel Development Opportunity
Listing Contacts
US Reliance Solutions Inc
Listed by US Reliance Solutions Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
3.43%
Cap Rate
3.43%
ROI
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