1405 Jefferson StMonticello, FL 32344

Property Details for 1405 Jefferson St

Year built

1977

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

1,263 SF

Property type

Office properties

Property subtype

Office buildings

APN

31-2N-5E-0000-0121-0000

APU

312N5E000001210000

Description

This 1,364 square foot office building, located at 1405 S Jefferson Street in Monticello, Florida, presents a fantastic opportunity for investors or businesses seeking a prominent location. Priced at $135,000, the property sits on a 0.3-acre lot and boasts high visibility, making it ideal for a variety of uses. The interior features three individual offices, a full bathroom, and a spacious open area perfect for a reception area or additional workspace. A full kitchen with a bar adds convenience and functionality. While the building would benefit from some updating, its solid foundation and prime location offer significant potential for return on investment. The property does have a small strip of flood zone located at the rear of the property, a factor to be considered during due diligence. This is a rare opportunity to acquire a well-situated office building in a growing area at an attractive price point. The ample space and versatile layout offer flexibility for various business needs. Serious inquiries are encouraged to schedule a viewing and assess the property's potential firsthand. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $256,534

  6.5%

  $236,801

  7%

  $219,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $89,787

  Geo Method

  $89,787

• Alternative Use

  Use

  Valuation

  Residential

  $293,633

  Hospitality

  $268,966

  Educational

  $223,777

  Medical

  $231,473

  Retail

  $348,097

Location Insight

City

Monticello

County

Jefferson

State

Florida

Latitude

30.5326

Longitude

-83.8707

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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