701 E Canal St, Mulberry, FL 33860 | For Sale

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For Sale $460,000 ($146.50 per Sq Ft)

$460,000 ($146.50 per Sq Ft)
  • (0)
  • Units
  • 3,140 Sq Ft
  • 4,700 Sq Ft
  • Unknown Cap Rate

Description

*The sale DOES NOT include the business nor the equipment displayed in the pictures. This will be a sale of the commercial building and the adjacent parcel. Also, please note that a successful transaction will also include a deed restriction for laundromat/coin laundry use.

Welcome to 701 E Canal St., Mulberry, FL – a prime commercial property offering endless possibilities in a strategic location. This 3,140 SF building, nestled on 0.22 acres of land under C-2 zoning, stands ready to accommodate a variety of ventures.

Previously operating as a laundromat, this versatile space is now available for your vision. The property boasts the potential for 16 parking spaces across two parcels, providing convenience for both customers and employees.

The building's appeal is enhanced by a recent 2022 roof installation, ensuring a worry-free ownership experience with minimal capital expenditures in the foreseeable future. This significant improvement adds tremendous value and security for any new owner.

Strategically positioned along E Canal St., a main artery within Mulberry city limits, the property enjoys a robust daily traffic flow of 23,000 vehicles. This high visibility makes it an ideal spot for a restaurant or any retail business seeking exposure to a broad audience.

Surrounded by established businesses such as the Marathon gas station to the west and Carter's BBQ to the east, the property opens up collaborative opportunities with a range of neighboring enterprises. The diverse landscape of nearby businesses creates an environment where your venture can thrive and complement the existing local offerings.

Notably, the City of Mulberry has acquired adjacent land on the north side of E Canal St. with confirmed plans to build their new headquarters. This strategic development aligns perfectly with the property, promising increased foot traffic and potential collaboration opportunities for any business occupying this space.

In summary, 701 E Canal St. presents a unique opportunity for entrepreneurs and businesses looking to capitalize on a well-maintained, strategically located commercial space with a proven track record and exciting prospects for the future. Don't miss the chance to make this property the foundation for your next successful venture.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $460,000
Property Type Retail
Usable Sqft 3,140
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1944
Last Sold Unknown
Sold Price Unknown
APN # 233001142480003040
MLS # O6169358
Property ID 320162958
Lot Sqft 4,700
Zoning C-2
Days on Market 323
Original List Price $460,000
Date Updated January 30, 2024
Date Created January 09, 2024

Financials not available online. Please inquire with your agent for more details.

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Listing Provided By

Richard Kurban an agent of . Lic #3317775


© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of January 30, 2024 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.



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