18246 Blue Star HwyQuincy, FL 32351

Property Details for 18246 Blue Star Hwy

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.07 AC

Property size (Sq ft)

1,360 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

3-10-2N-4W-0000-00131-0100

APU

3102N4W0000001310100

Description

This exceptional 1.07-acre commercial property in Quincy, Florida, presents a lucrative investment opportunity. The main structure boasts 1,360 square feet of retail space, currently utilized as a car lot and generating rental income. A smaller mobile home is also situated on the property. The location is highly visible, boasting over 422.61 feet of frontage on the busy Blue Star Highway, ensuring significant exposure to potential customers. The entire property is fully fenced, providing security and control. The property's current use as a car lot demonstrates its suitability for businesses requiring high visibility and ample space. The combination of the main building and the mobile home offers flexibility for various business models, allowing for expansion or diversification. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire a well-located, income-generating commercial property in a growing market. The asking price of $185,000 reflects the property's significant potential and strong location. Don't miss out on this exceptional opportunity

• CAP approach

  CAP return

  Valuation

  6%

  $237,410

  6.5%

  $219,148

  7%

  $203,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,640

  Geo Method

  $243,640

• Alternative Use

  Use

  Valuation

  Residential

  $184,859

  Hospitality

  $169,330

  Educational

  $140,881

  Medical

  $145,726

  Retail

  $219,148

Location Insight

City

Quincy

County

Gadsden

State

Florida

Latitude

30.5868

Longitude

-84.6209

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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