25463 Main StAltha, FL 32421

Property Details for 25463 Main St

Year built

2002

Construction

WOOD

Lot size

1.72 AC

Property size (Sq ft)

2,376 SF

Property type

Retail properties

Property subtype

Banks

APN

15-2N-09-0800-0003-0901

APU

152N09080000030901

Description

This exceptional 2,376 square foot commercial building, previously a bank, is ideally situated on Highway 71 in Altha, Florida, offering high visibility and significant traffic exposure. The single-tenant property boasts a spacious layout featuring three large private offices, perfect for a variety of professional uses. A convenient break room equipped with a refrigerator, stove, and microwave is included, along with a full bathroom. Unique features include a secure vault room and three teller stations, remnants of its previous banking function, offering potential for creative repurposing. Ample parking is provided with approximately 18 spaces, including handicap-accessible spots, and a two-lane drive-through with a window adds further convenience. The building is in excellent condition and is available for lease at $2,000 per month on a 5-year triple net lease. The property's Class B designation and convenient location make it an attractive investment opportunity. The lot size is not specified. The Assessor's Parcel Number (APN) is 15-2N-09-0800-0003-0901.

• CAP approach

  CAP return

  Valuation

  6%

  $485,350

  6.5%

  $448,015

  7%

  $416,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $425,653

  Geo Method

  $425,653

• Alternative Use

  Use

  Valuation

  Residential

  $377,917

  Hospitality

  $346,170

  Educational

  $288,010

  Medical

  $297,915

  Retail

  $448,015

Location Insight

City

Altha

County

Calhoun

State

Florida

Latitude

30.5687

Longitude

-85.1265

Property Tax & Assessments

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