110 Main StPerry, FL 32347

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

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.

• 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

FAQs

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