Highly Visible Vacant Commercial Building in Mulberry, FL

701 E Canal St East Canal Street Mulberry, FL 33860

701 E Canal St East Canal Street , Mulberry, FL, 33860
701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860 701 E Canal St East Canal Street , Mulberry, FL, 33860
FOR SALE
Property Type:
Street Retail
Amount:
$460,000
Cap Rate:
0.00%
Last Verified:
Jan 25, 2024

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. **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.

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Map of 701 E Canal St East Canal Street , Mulberry, FL, 33860

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.