31556 Blue Star HwyMidway, FL 32343

Property Details for 31556 Blue Star Hwy

Year built

1989

Construction

FRAME

Lot size

18.15 AC

Property size (Sq ft)

828 SF

Property type

Office properties

Property subtype

Other office properties

APN

4-08-1N-2W-0000-00411-0100

APU

4081N2W0000004110100

Description

This exceptional 18.15-acre industrial property, located at 31556 Blue Star Highway in Midway, Florida (zip code 32343), presents a unique investment opportunity. Situated just over a mile from the I-10 and Highway 90 interchange, this strategically located parcel boasts excellent visibility and accessibility. The property is zoned for industrial use, providing flexibility for a wide range of business ventures. Currently licensed as a scrap and salvage yard, this asset offers immediate operational capabilities. The property's APN is 4-08-1N-2W-0000-00411-0100. Furthermore, the site has received environmental clearance from the Florida Department of Environmental Protection (DEP), ensuring compliance with all regulatory standards. Owner financing is available, making this an attractive proposition for qualified buyers. This is a rare opportunity to acquire a fully licensed and environmentally compliant industrial property in a high-traffic location with convenient access to major transportation arteries.

• CAP approach

  CAP return

  Valuation

  6%

  $113,612

  6.5%

  $104,873

  7%

  $97,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $58,863

  Geo Method

  $58,863

• Alternative Use

  Use

  Valuation

  Residential

  $130,042

  Hospitality

  $119,118

  Educational

  $99,105

  Medical

  $102,513

  Retail

  $154,163

Location Insight

City

Midway

County

Gadsden

State

Florida

Latitude

30.4981

Longitude

-84.4478

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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