806 1St AveSteinhatchee, FL 32359

Property Details for 806 1St Ave

Year built

1958

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

1,040 SF

Property type

Office properties

Property subtype

Office buildings

APN

25-09-09-09869-050

APU

25090909869050

Description

This exceptional 1,040 square foot office building presents a remarkable opportunity in the thriving Steinhatchee, Florida market. Located at 806 SE First Avenue, this property boasts superior road frontage directly across from Maddie's Market, ensuring high visibility and foot traffic. The building is move-in ready and offers two spacious office areas, each with its own separate entrance, ideal for housing two distinct businesses or creating a flexible layout to suit individual needs. A shared common area includes a break room and a combined bathroom/utility closet, providing convenient amenities for occupants. Beyond the main building, the 0.23-acre lot includes a mobile office, offering additional workspace or potential for expansion. Furthermore, there's ample extra space suitable for various uses, such as additional business operations or RV rentals, adding significant versatility to this already attractive investment. Priced competitively at $300,000, this property represents an unparalleled value in the Steinhatchee commercial real estate market. Its prime location, versatile layout, and additional space make it an exceptional opportunity for entrepreneurs seeking a profitable venture or investors looking for a strong return. Don't miss out on this exceptional opportunity to own a thriving commercial property in a bustling Florida town.

• CAP approach

  CAP return

  Valuation

  6%

  $195,827

  6.5%

  $180,764

  7%

  $167,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,934

  Geo Method

  $73,934

• Alternative Use

  Use

  Valuation

  Residential

  $224,147

  Hospitality

  $205,317

  Educational

  $170,822

  Medical

  $176,696

  Retail

  $265,722

Location Insight

City

Steinhatchee

County

Taylor

State

Florida

Latitude

29.6725

Longitude

-83.3809

Property Tax & Assessments

FAQs

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