220 Washington StChattahoochee, FL 32324

  • Retail properties
  • 5,083 SF
For Sale
$394,900 View listing

Property Details for 220 Washington St

Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.07 AC
Property size (Sq ft)
5,083 SF
Property type
Retail properties
Property subtype
Retail space
APN
1-33-4N-6W-0000-00213-1700
APU
1334N6W0000002131700

Description

This 5,039 square foot retail building, located at 220 Washington Street in Chattahoochee, Florida, presents a compelling investment opportunity. Built in 1940, the property sits on a 7,405.2 square foot lot and benefits from a high-traffic location on Highway 90, boasting an average daily traffic count of approximately 7,000 vehicles. Currently vacant and readily available for viewing, the building offers significant potential for various uses. The main floor is ideal for retail, while the second floor, accessible via a private entrance, is divided into several offices, suitable for a variety of commercial or residential purposes. Minimal renovations could transform this space into a lucrative Airbnb or rental property. Included in the sale is the adjoining parking lot (approximately 30' x 85'), identified by Parcel ID# 1-33-4N-6W-0000-00213-3100. The property is being sold "as is" with the right to inspect. The seller is open to owner financing under agreeable terms. This presents a unique chance to acquire a well-situated commercial property in a thriving downtown area with high visibility and substantial potential for return on investment. The property is located in Gadsden County, Florida, zip code 32324.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $754,713
    6.5%
    $696,658
    7%
    $646,897
  • Comparable approach

    Method
    Valuation
    Relative Method
    $910,603
    Geo Method
    $910,603
  • Alternative Use

    Use
    Valuation
    Residential
    $587,657
    Hospitality
    $538,291
    Educational
    $447,852
    Medical
    $463,254
    Retail
    $696,658
220 Washington St, Chattahoochee, Florida

Location Insight

City
Chattahoochee
County
Gadsden
State
Florida
Latitude
30.7051
Longitude
-84.8462
CBSA code
45220
CBSA name
TALLAHASSEE, 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
$793
$8,835
$58,354
$67,189
-
$8,835
$58,354
$67,189

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