For Sale
$349,000

107 Washington StQuincy, FL 32351

High-Income Potential, Excellent Location

Overview

Added:
Feb 3
Days on market:
61
This exceptional 6,600 square foot commercial property, situated on a 0.12-acre lot at 107 E Washington St in Quincy, FL, presents a remarkable investment opportunity. Currently configured as a blend of retail/office space and residential, this property boasts significant income potential. The ground floor offers approximately 5,000 square feet, ideal for a variety of uses, including medical practices (with 14 potential exam/offices, a spacious reception area, and four bathrooms). The layout is well-suited for an eye doctor, dentist, or other medical professional. A recently updated HVAC system and a durable standing seam metal roof contribute to the property's excellent condition. Ample parking is available, enhancing the property's appeal. Above the commercial space is a 1,600 square foot, two-bedroom, one-bathroom apartment with a separate entrance, currently leased for $750 per month (below market value). The property's proforma gross income is estimated at $36,000 annually. The seller is highly motivated, having recently reduced the price by $50,000. This quiet corner location offers excellent visibility and accessibility. A 24-hour notice is required for apartment showings. This property is ready for a new owner to capitalize on its considerable income-generating potential and prime location.

Property Details for 107 Washington St

Property type
Square Feet
6,600 SF
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Quincy
County
Gadsden
State
Florida
Latitude
30.58901
Longitude
-84.57548
107 Washington St, Quincy, Florida

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107 Washington St
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