2340 Sopchoppy HwySopchoppy, FL 32358

Property Details for 2340 Sopchoppy Hwy

Year built

1996

Construction

STEEL FRAME

Lot size

2.07 AC

Property size (Sq ft)

7,740 SF

Property type

Manufacturing properties

APN

12-5S-03W-038-01029-000

APU

125S03W03801029000

Description

This expansive 7,800 square foot metal building presents a unique investment opportunity in Sopchoppy, Florida. Situated on a 2.06-acre lot directly off Highway 319, the property boasts ample parking for over 50 vehicles. Currently configured as a fully operational wood shop, the building is equipped for heavy industrial use. The existing setup includes a substantial amount of woodworking equipment and tools, available for purchase separately for an additional $350,000 (estimated value $1,000,000). The building features a convenient loading dock, a powerful exhaust fan, and robust electrical service including 3-phase 480-volt, single-phase 280-volt, and 110-amp power. The property is fully fenced and offers significant potential for a variety of commercial uses beyond its current configuration. The unpaved lot provides ample space for expansion or outdoor storage. Its prime highway location ensures excellent visibility and accessibility. This versatile property is priced at $509,000 and offers a compelling blend of existing infrastructure and future development potential. The high-power electrical system and loading dock are ideal for a range of industrial applications. The large parking area is a significant advantage for businesses requiring substantial vehicle capacity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,399,200

  6.5%

  $3,137,720

  7%

  $2,913,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $880,379

  Geo Method

  $880,379

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,640,780

  Mixed-Use / Specialty

  $1,659,960

  Hospitality / Lodging

  $1,250,450

  Office

  $1,676,170

  Institutional / Educational

  $1,734,640

  Residential Income

  $2,029,520

  Multifamily

  $2,295,320

  Automotive / Energy

  $1,486,830

  Parking / Income-Based Land

  $488,355

  Restaurant / Food Service

  $916,784

  Healthcare / Senior Housing

  $1,676,590

Location Insight

City

Sopchoppy

County

Wakulla

State

Florida

Latitude

30.055

Longitude

-84.492

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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