20737 Central AveBlountstown, FL 32424

Property Details for 20737 Central Ave

Year built

1940

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

3,446 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

33-1N-08-1200-0003-0506

APU

331N08120000030506

Description

This exceptional commercial property, located at 20737 E Central Avenue Unit 20737 in Blountstown, Florida, presents a unique investment opportunity. Situated on the busy State Road Hwy 20 in the heart of downtown, this 3,446 square foot building boasts a prime location with high visibility for attracting customers. Previously operating as a restaurant, the property is being offered as a turnkey operation, complete with all existing restaurant equipment. The spacious layout includes a substantial 28x17 foot kitchen, perfectly equipped for culinary endeavors. A large 23x51 foot dining area provides ample space for patrons, complemented by convenient storage areas and restrooms. While there is parking available directly in front of the building, the primary parking area, owned by the City of Blountstown, is situated at the rear. The property sits on a 0.06-acre lot. This ready-to-go commercial space is priced at $150,000 and represents an excellent chance to establish or relocate a thriving business in a vibrant downtown setting. The high-traffic location and existing restaurant equipment make this a truly compelling opportunity for entrepreneurs seeking a seamless transition into their new venture. Don't miss this chance to own a piece of Blountstown's bustling commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $704,455

  6.5%

  $650,266

  7%

  $603,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,340

  Geo Method

  $617,340

• Alternative Use

  Use

  Valuation

  Residential

  $548,524

  Hospitality

  $502,445

  Educational

  $418,028

  Medical

  $432,405

  Retail

  $650,266

Location Insight

City

Blountstown

County

Calhoun

State

Florida

Latitude

30.4429

Longitude

-85.0439

Property Tax & Assessments

FAQs

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