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Vacant Restaurant on 6+ Acres 2633 Highway 231

3,834 SF Retail Building Cottondale, FL 32431 £938,940 (£245/SF)

Investment Highlights

  • Redevelopment Opportunity for Owner User or Investor
  • Fronting the Main Hwy 231 with a combined traffic count of 37,087 on Hwy 231 & Interstate 10
  • The area serves as a frequent rest stop for travelers
  • Existing 3,834 SQFT Restaurant Available for Occupancy with KFC Coming Soon across the street
  • Within one-half mile of Interstate 10, one of Florida’s major east-west corridors stretching 362 miles, providing vital connectivity to key markets

Executive Summary

Highest and best use for this property could include development of an additional retail component alongside the existing restaurant. Given its prime location and the surrounding commercial infrastructure, this site offers significant potential for increased revenue through complementary retail ventures that cater to the high volume of passing traffic and local demand. The growing population and increasing commercial activity in Cottondale further enhance the attractiveness of this property for future development.

Attachments

2633 Hwy 231_Land_Cottondale_V1

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,834 SF
Building Class
B
Year Built
1987
Price
£938,940
Price Per SF
£245
Tenancy
Single
Number of Floors
1
Building FAR
0.01
Lot Size
6.11 AC
Zoning
AG2 - Commercial Uses Allowed Including Retail, Gas Station, Restaurant (Drive-Thru), Office, and More.
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PROPERTY TAXES

Parcel Number 07-4N-11-0000-0060-0000 Improvements Assessment £163,955
Land Assessment £353,506 Total Assessment £517,461

PROPERTY TAXES

Parcel Number
07-4N-11-0000-0060-0000
Land Assessment
£353,506
Improvements Assessment
£163,955
Total Assessment
£517,461
(786) 522-7062

Contacts

  • Listing ID: 33365239

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2633 Highway 231, Cottondale, FL 32431

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2633 Highway 231, Cottondale, FL for sale Primary Photo- Image 1 of 4
2633 Hwy 231 Cottondale FL
2633 Highway 231, Cottondale, FL for sale Building Photo- Image 2 of 4
Redevelopment Site
2633 Highway 231, Cottondale, FL for sale Building Photo- Image 3 of 4
Covered Land Play 6+ Acres

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© 2024 CoStar Group

Vacant Restaurant on 6+ Acres | 2633 Highway 231
(786) 522-7062 x

Vacant Restaurant on 6+ Acres | 2633 Highway 231

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Alyssa Armstrong

(786) 522-7062

(786) 522-7062

Debra Franklin

(305) 308-2635

(305) 308-2635

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