220 Washington StChattahoochee, FL 32324

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 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.

• 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

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