115 Clark StQuincy, FL 32351

Property Details for 115 Clark St

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

12,140 SF

Property type

Warehouses

APN

3-07-2N-3W-0730-00000-1801

APU

3072N3W0730000001801

Description

This exceptional 36,000 square foot building presents a rare opportunity in the heart of Quincy, Florida. Located at 115 W Clark Street, this historic structure boasts a rich past as part of the Budd Cigar Company, offering a unique blend of character and potential. The expansive interior space is adaptable to a wide range of uses, including warehouse space, storage facilities, or even conversion into residential apartments. The possibilities are virtually limitless, making this property an attractive investment for both developers and entrepreneurs. The asking price of $290,000 translates to an incredibly competitive $8.00 per square foot, representing significant value in the current market. Adding to its appeal is a dedicated parking lot situated directly across the street, providing ample space for tenants or customers. This prime downtown location offers excellent visibility and accessibility, ensuring a strong foundation for any future venture. The 0.59-acre lot provides ample space for expansion or additional development. Don't miss this chance to acquire a piece of Quincy's history and unlock its substantial potential. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,669,440

  6.5%

  $3,387,180

  7%

  $3,145,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,380,850

  Geo Method

  $1,380,850

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,654,310

  Mixed-Use / Specialty

  $1,583,320

  Hospitality / Lodging

  $1,076,870

  Office

  $1,506,100

  Institutional / Educational

  $1,622,740

  Residential Income

  $1,898,610

  Multifamily

  $2,638,000

  Automotive / Energy

  $1,390,920

  Parking / Income-Based Land

  $544,309

  Restaurant / Food Service

  $684,556

  Healthcare / Senior Housing

  $1,690,420

Location Insight

City

Quincy

County

Gadsden

State

Florida

Latitude

30.5859

Longitude

-84.5788

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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