199 Base StMadison, FL 32340

Property Details for 199 Base St

Year built

1901

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

6,350 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00-00-00-3657-001-000

APU

3657001000

Description

This exceptional commercial property, located at 199 E Base Street Unit 199 in Madison, Florida, presents a unique investment opportunity. The two-story building boasts a substantial 6,000+ square feet of space, situated on a 0.06-acre lot in a highly desirable downtown location directly across from the courthouse. This prime position ensures exceptional visibility and accessibility for any business. The building is currently configured for retail or office use, offering significant versatility to suit a wide range of commercial ventures. Partial renovations have already been undertaken, significantly reducing the cost and time required for a complete fit-out. Furthermore, comprehensive engineered plans are included, providing a detailed roadmap for completing the remaining renovations to your exact specifications. This allows for extensive customization, enabling the property to be tailored to perfectly meet the unique needs of the future occupant. The building's size and location make it an ideal candidate for a flagship store, a multi-tenant office complex, or a variety of other commercial uses. This property is poised to become a prominent fixture in Madison's thriving business district, offering an unparalleled opportunity for growth and success. The asking price is $229,500.

• CAP approach

  CAP return

  Valuation

  6%

  $1,494,208

  6.5%

  $1,379,269

  7%

  $1,280,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $699,703

  Geo Method

  $699,703

• Alternative Use

  Use

  Valuation

  Residential

  $1,379,269

  Hospitality

  $1,263,403

  Educational

  $1,051,137

  Medical

  $1,087,287

  Retail

  $1,635,102

Location Insight

City

Madison

County

Madison

State

Florida

Latitude

30.4696

Longitude

-83.4132

Property Tax & Assessments

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