701 E Canal St

Investment Highlights

On main street in Mulberry, FL - E Canal St Situated on a corner C2 highway commercial zoning which allows for hospitality, retail, restaurant, c-store, medical, liquor store Proposed City Hall headquarters to be built directly across the property Average daily traffic of 23,000 vehicles per day New roof installed in 2022

Executive Summary

**Sold without the business and doesn't include equipment. Deed restriction upon sale of not operating any coin laundry or laundromat. Property sale is comprised of 2 parcels.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 retailbusiness 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. This property provides a perfect location and opportunity to any business owner to setup a liquor store. 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.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Convenience Store Convenience Store General Retail Bar General Retail Daycare Center Office Medical Convenience Store
• Building Size    3,140
• Building Class    C
• Year Built/Renovated    1944/2022
• Price    460,000
• Price Per SF    146
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.33
• Land Acres    0.22 AC

• Corner Lot
• Pylon Sign
• Restaurant
• Air Conditioning