110 Main StPerry, FL 32347
- Retail properties
- 3,120 SF
Property Details for 110 Main St
- Year built
- 1945
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 3,120 SF
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 24-04-07-03852-000
- APU
- 24040703852000
Description
This exceptional 3,150 square foot commercial building, situated in the heart of historic downtown Perry, Florida on Main Street (Courthouse Square), presents a unique investment opportunity. Constructed in 1945, this brick and cement structure has undergone a complete renovation, boasting new ceramic tile floors and energy-efficient spray foam insulation. Modern updates include a new electrical panel and wiring, along with stylish new light fixtures and ceiling fans throughout. The property includes one bathroom, with existing plumbing readily available for the addition of another. A separate break room/kitchen area adds to its functionality. The building sits on a 0.08-acre lot and offers versatile space ideal for retail, hospitality, or professional office uses. Currently leased to an arcade, providing immediate income potential. Detailed lease and financial information will be shared with qualified buyers under a non-disclosure agreement. This property also presents an attractive addition to a larger investment portfolio, as it is offered alongside eight other commercial properties (most with existing leases) and a leased residential home. This portfolio offers a diversified income stream. To schedule a viewing, proof of funds or a pre-approval letter from a lender is required. All offers must be submitted in writing.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $865,941
- 6.5%
- $799,330
- 7%
- $742,235
-
Comparable approach
- Method
- Valuation
- Relative Method
- $558,938
- Geo Method
- $558,938
-
Alternative Use
- Use
- Valuation
- Residential
- $674,265
- Hospitality
- $617,623
- Educational
- $513,855
- Medical
- $531,527
- Retail
- $799,330
Location Insight
- City
- Perry
- County
- Taylor
- State
- Florida
- Latitude
- 30.1182
- Longitude
- -83.5816
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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