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- LoopNet Team
287 SE Race Track Ln
Lake City, FL 32025
Toys For Big Boys & Girls North FL Speedway · Sports & Entertainment Property For Sale · 4,000 SF
Investment Highlights
- Value add opportunity as track currently not running full time. Projected NOI is over $200,000 for one to run races full time!
- Turn Key operation to be delivered to new owner with all equipment, website, and full understanding of operating a race.
- 2nd Oldest Operating Race Track in the State of FL since 1963
- Seller has invested over $400,000 in renovations, equipment, 2 new concession stands with new restaurant equipment & apartment on site.
- Future job growth over the next ten years is predicted to be 41.85% showing significant growth and the push from the larger Urban Areas of FL.
- Seller will review all resonable offers and for qualified buyer will hold some paper.
PROPERTY FACTS
| Property Type | Sports & Entertainment | Building Size | 4,000 SF |
| Property Subtype | Number of Floors | 1 | |
| Building Class | C | Year Built/Renovated | 1963/2017 |
| Lot Size | 25.00 AC | Parking Ratio | 5/1,000 SF |
| Property Type | Sports & Entertainment |
| Property Subtype | |
| Building Class | C |
| Lot Size | 25.00 AC |
| Building Size | 4,000 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1963/2017 |
| Parking Ratio | 5/1,000 SF |
Amenities
- Vending Machines
- Car Charging Station
About 287 SE Race Track Ln , Lake City, FL 32025
Value Add opportunity to own & opperate your Race Track located in Lake City conveniently nestled between Jacksonville & Tallahassee. Seller will review all reasonable offers. North Florida Speedway is a 3/8 mile, semi banked dirt track originally built in 1963 and is the 2nd oldest track in the State of FL. With a population of about 12,000 residents this track has over 6,200 followers allowing this family-owned business 11 years of continued success. Each year owners have invested heavily in the operation with new equipment such case tracker, 2 mother Graiders,2 New Concession Stands with all new restaurant equipment, Brand New steel building 40x100 just went up last month and not only investing in the racetrack but also investing in their drivers payouts. PRP is proud to present this Turn Key Operating Race Track & Real Estate situated on 25+/- acres. Value add opportunity for one who is looking to have fun, get a little dirty, while reaping the rewards from a successful establishment. Its race night at North Florida Speedway and the odor of exhaust & rubber mixed with the smell of grilled hotdogs and hamburgers and screaming fans will get your blood pump full of excitement and thrilled to explore the opportunity of owning your own racetrack. Sellers have over $400,000 in equipmnet and are currently constructing a on site apartment with 4 bedroom 2 baths for new owner. Projected income for full time operation generates a net profit over $200K.
PROPERTY TAXES
| Parcel Number | 21-4S-17-08631-003 | Improvements Assessment | £0 |
| Land Assessment | £8,255 | Total Assessment | £8,255 |
PROPERTY TAXES
