124 Washington StChattahoochee, FL 32324

Property Details for 124 Washington St

Year built

1976

Construction

STEEL FRAME

Lot size

0.47 AC

Property size (Sq ft)

8,895 SF

Property type

Office properties

APN

1-33-4N-6W-0000-00213-2200

APU

1334N6W0000002132200

Description

This 1976-built office building at 124 W Washington Street, Chattahoochee, FL 32324, presents a compelling investment opportunity. Boasting almost 10,000 square feet on a 33,105.6 sq ft lot, this former bank building offers significant potential. Seven rooms, suitable for offices with minor repairs, are complemented by a large (61x53) open lobby area. Four bathrooms and a 25x13 upstairs space provide additional versatility, potentially for office or residential use. The brick building features ample parking (20+ spaces, including handicapped access), established landscaping, and a convenient drive-through with four canister service slots and one without. Two double-door entrances (one facing Highway 90, the other east) enhance accessibility. Located in the heart of Chattahoochee, this property benefits from high visibility on Highway 90, with an average daily traffic count of 6,900 vehicles. Priced at $215,000, this property offers a unique chance to capitalize on its numerous possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $898,443

  6.5%

  $829,332

  7%

  $770,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,346

  Geo Method

  $632,346

• Alternative Use

  Use

  Valuation

  Residential

  $1,028,372

  Hospitality

  $941,983

  Educational

  $783,719

  Medical

  $810,672

  Retail

  $1,219,118

Location Insight

City

Chattahoochee

County

Gadsden

State

Florida

Latitude

30.7052

Longitude

-84.8456

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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