364 Pinckney StMadison, FL 32340

Property Details for 364 Pinckney St

Year built

1920

Construction

STEEL FRAME

Lot size

0.06 AC

Property size (Sq ft)

2,773 SF

Property type

Retail properties

Property subtype

Auto shops

APN

00-00-00-3688-000-000

APU

3688000000

Description

This exceptional 0.06-acre commercial lot presents a remarkable opportunity for entrepreneurs seeking a high-visibility location in the heart of Madison, Florida. Situated just one block west of the courthouse on SW Pinckney Street, this vacant lot enjoys exceptional foot traffic and proximity to the city's central business district. Its strategic placement ensures maximum exposure to potential customers, making it an ideal site for a diverse range of commercial ventures. Imagine the possibilities: a vibrant food truck operation, a charming cafГ©, a trendy restaurant, or even a unique thrift store. The possibilities are limited only by your imagination. The property's size offers flexibility in design and development, allowing for customization to suit your specific business needs. This is a rare chance to establish a thriving business in a thriving community. Don't miss this chance to secure a prime piece of Madison real estate and bring your business vision to life. The asking price of $40,000 represents an exceptional value for a property with such high potential in a desirable location. Act quickly, as opportunities like this don't come along often.

• CAP approach

  CAP return

  Valuation

  6%

  $773,547

  6.5%

  $714,043

  7%

  $663,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $496,774

  Geo Method

  $496,774

• Alternative Use

  Use

  Valuation

  Residential

  $602,322

  Hospitality

  $551,724

  Educational

  $459,028

  Medical

  $474,814

  Retail

  $714,043

Location Insight

City

Madison

County

Madison

State

Florida

Latitude

30.4691

Longitude

-83.4144

Property Tax & Assessments

FAQs

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