450537 State Road 200Callahan, FL 32011

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

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.

• 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

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

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