988 Us 90Madison, FL 32340

Property Details for 988 Us 90

Year built

1940

Construction

STEEL FRAME

Lot size

1.93 AC

Property size (Sq ft)

1,930 SF

Property type

Automotive properties

APN

00-00-00-4682-000-000

APU

4682000000

Description

This exceptional 1.93-acre commercial property boasts an enviable location just off US Highway 90 in Madison County, Florida. The property offers unparalleled visibility with an impressive 300 feet of frontage along the highway, ensuring high traffic exposure for any business venture. The existing structures include a versatile three-bedroom, one-bathroom home/office, ideal for owner-occupancy or conversion to a single-family residence. A convenient garage, a functional paint booth, and a substantial pole barn provide ample storage and workshop space, catering to a variety of potential uses. The property's unique layout offers access from three paved roads and one dirt road, providing multiple entry points and enhanced accessibility. Situated outside city limits, this location offers the advantages of reduced regulations while still maintaining excellent visibility and exposure for future business development. The combination of highway frontage, multiple buildings, and ample acreage makes this property a truly rare find, presenting a wealth of opportunities for entrepreneurs and investors alike. The existing structures are ready for immediate use or can be easily adapted to suit a wide range of commercial or residential needs. This is a unique opportunity to acquire a versatile and strategically located property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $538,299

  6.5%

  $496,892

  7%

  $461,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,753

  Geo Method

  $345,753

• Alternative Use

  Use

  Valuation

  Residential

  $419,147

  Hospitality

  $383,936

  Educational

  $319,430

  Medical

  $330,416

  Retail

  $496,892

Location Insight

City

Madison

County

Madison

State

Florida

Latitude

30.4686

Longitude

-83.4004

Property Tax & Assessments

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