1797 Jefferson StPerry, FL 32348

Property Details for 1797 Jefferson St

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.23 AC

Property size (Sq ft)

48,082 SF

Property type

Retail properties

Property subtype

Community centers

APN

25-04-07-04778-000

APU

25040704778000

Description

This exceptional retail investment opportunity encompasses a 48,082 square foot community shopping center situated on a sizable 3.23-acre lot in the thriving city of Perry, Florida. Boasting approximately 300 feet of frontage on Jefferson Street (US Highway 221), this property enjoys unparalleled visibility and accessibility. Its strategic location directly across from the US Post Office ensures high foot traffic and prominent exposure. The surrounding area is a vibrant commercial hub, featuring a mix of small retailers, financial institutions, big-box stores, and popular restaurants, creating a strong synergy and attracting a diverse customer base. Currently, the center houses two established tenants: a pizza restaurant and a pawn shop, providing a stable income stream with potential for future growth. It's important to note that the property sustained damage from a hurricane and requires repairs. This presents a unique opportunity for a savvy investor to acquire a well-positioned retail center at a significantly discounted price, capitalize on the existing tenant base, and implement renovations to maximize its full potential. The substantial lot size also offers possibilities for future expansion or redevelopment. This property is ideal for an investor seeking a value-add opportunity in a high-growth market. The high visibility and established commercial environment make this a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $13,341,780

  6.5%

  $12,315,489

  7%

  $11,435,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,613,736

  Geo Method

  $8,613,736

• Alternative Use

  Use

  Valuation

  Residential

  $10,388,576

  Hospitality

  $9,515,880

  Educational

  $7,917,100

  Medical

  $8,189,382

  Retail

  $12,315,489

Location Insight

City

Perry

County

Taylor

State

Florida

Latitude

30.1043

Longitude

-83.5833

Property Tax & Assessments

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