988 Us 90Madison, FL 32340

  • Retail properties
  • 1,930 SF
For Sale
$275,000 View listing

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
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
988 Us 90, Madison, Florida

Location Insight

City
Madison
County
Madison
State
Florida
Latitude
30.4686
Longitude
-83.4004

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,153
$58,149
$12,306
$70,455
-
$58,149
$12,306
$70,455

FAQs

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