1468 SW Main Blvd 6,151 SF 100% Leased Retail Building Lake City, FL 32025 $460,000 ($74.78/SF) 8.40% Cap Rate

Excellent investment opportunity on one of Lake City's most prominent retail corridors. Two buildings comprising beautifully renovated 6151 SF freestanding masonry retail building at 1468 SW Main Blvd sits directly on US Highway 441 (SW Main Blvd), offering outstanding visibility and high daily traffic counts in the heart of Columbia County's commercial hub.
Originally built in 1982, the property has been thoughtfully updated and presents exceptional curb appeal with a clean, well-maintained exterior — a standout building that commands attention from passing traffic. The 0.87-acre site provides an excellent parking ratio of 7.68 spaces per 1,000 SF with 20 dedicated spaces, making it highly accessible and convenient for customers.
Currently occupied by a synergistic mix of personal services tenants — including hair and nail salons, a specialty retail tenant, and a UPS Authorized Shipping Outlet — the property generates strong in-place income with an 8.4% cap rate and $38,640 NOI. The tenant mix draws consistent repeat clientele and benefits from strong cross-patronage, creating a stable and established income stream.
The location could not be better positioned. Surrounded by national and regional retailers and service providers including Ollie's Bargain Outlet, Farmers Home Furniture, Sonic Drive-In, SharmaCare Direct Primary Care, and Lake City Animal Hospital, this corridor sees strong consumer traffic year-round. The site enjoys excellent road frontage and signage opportunities on a major arterial roadway connecting Lake City's residential neighborhoods to its commercial core.
With its current tenants already in place with short term leases with under-market rents, this property offers the ideal combination of immediate cash flow and significant long-term upside. The tenants have demonstrated stability and could be transitioned to longer-term leases, making this a compelling acquisition for any investor seeking a turn-key, income-producing retail asset in a growing North Florida market.