220 Washington StChattahoochee, FL 32324
- Retail properties
- 5,083 SF
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
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
Comparable in this City
Similar Nearby for Sale
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