450537 State Road 200Callahan, FL 32011

  • Retail properties
  • 5,439 SF
For Sale
$6,000,000 View listing

Property Details for 450537 State Road 200

Year built
1985
Construction
STEEL FRAME
Lot size
0.69 AC
Property size (Sq ft)
5,439 SF
Zone code
CN
Property type
Retail properties
Property subtype
Community centers
APN
42-2N-25-0000-0014-0080
APU
422N25000000140080

Description

This exceptional 6.05-acre commercial property in Callahan, Florida, presents a unique investment opportunity. Located on State Road 200, it boasts high visibility and significant traffic flow, making it ideal for a variety of businesses. The property's history as a fully operational gas station underscores its prime location and established infrastructure. A dedicated office space is available, suitable for administrative tasks, retail operations, or generating rental income. Adding to its versatility, three residential homes are included on the site. These homes offer potential for additional rental income or provide convenient on-site housing for business owners or employees. The combination of commercial and residential structures creates multiple income streams and allows for flexible use or future redevelopment. This multifaceted property offers a rare chance to capitalize on the growth of Callahan, Florida. The property's size and location make it an attractive investment for entrepreneurs and developers seeking a high-impact commercial venture. Its existing structures provide immediate income potential, while the ample land allows for expansion or future development. This is a truly unique opportunity to acquire a substantial commercial property in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,279,253
    6.5%
    $1,180,849
    7%
    $1,096,502
  • Comparable approach

    Method
    Valuation
    Relative Method
    $932,164
    Geo Method
    $932,164
  • Alternative Use

    Use
    Valuation
    Residential
    $996,090
    Hospitality
    $912,413
    Educational
    $759,117
    Medical
    $785,224
    Retail
    $1,180,849
450537 State Road 200, Callahan, Florida

Location Insight

City
Callahan
County
Nassau
State
Florida
Latitude
30.5866
Longitude
-81.7981
CBSA code
27260
CBSA name
JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,049
$60,631
$193,083
$253,714
-
$60,631
$193,083
$253,714

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].