If you are interested in receiving additional financial information, please complete the attached Confidentiality Agreement and send to Louie Granteed, Senior Vice President, Senior Vice President, Tobin Real Estate, Inc., at LGranteed@tobinrealestate.com Tobin Real Estate, Inc. is pleased to exclusively represent Motel 8 located at 4427 SW State Road 47, Lake City, Florida 32024. This turn-key property offers immediate income in a rapidly developing area of Lake City with established long term customer base. The property is 3.38 acres and features (26) motel rooms and (1) residential home. All rooms are equipped with air conditioning, Wi-Fi and are pet friendly. The metal roof is only a few years old. The rooms and residential home are rented daily, weekly and monthly. This is an excellent investment property for someone wanting to run a motel and benefit from in-place income boasting an ±18% return on investment. Lake City is located in Columbia County, Florida. It is known for its natural beauty, particularly its numerous springs, lakes and rivers. It is often referred to as “Florida Springlands” due to this abundance of natural features. The town boasts a rich history and a vibrant cultural scene, offering a blend of outdoor adventures, historical sites and local experiences. Lake City is home to several major springs, including Fanning Springs and Ginnie Springs. Fanning Springs is a first-magnitude spring, producing 65 million gallons of water daily. There are several lakes and rivers offering an opportunity for boating, fishing and canoeing. The city is known as the “Gateway to Florida” due to its location at the intersection of I-75 and I-10, as well as home to the Lake City Gateway Airport, Florida Gateway College, Olustee Festival and the Florida Gateway Pro Rodeo. Motel 8 is located in North Central Florida between Tallahassee and Jacksonville, north of Gainesville, Florida. There are multiple beaches Cresent Beach, Ichetucknee Springs State Park, Fernandina Beach, Driftwood Beach, Hart Springs Park and Jacksonville Beach within a few miles of the property. Enjoy the dining pleasures of Chick-fil-A, Cracker Barrel, Sonny’s BBQ, Outback Steakhouse, Red Lobster, Olive Garden, Jessica’s Bistro, LongHorn Steakhouse, Chipotle Mexican Grill, Moe’s Southwest Grill, Jersey Mike’s, Five Guys, Dairy Queen Grill and Chill and many more.