1119 Florida AveLynn Haven, FL 32444

Property Details for 1119 Florida Ave

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

6,419 SF

Property type

Office properties

Property subtype

Other office properties

APN

09879-000-000

APU

9879000000

Description

This 6,249 square foot commercial building in Lynn Haven, Florida, sits on a 0.34-acre lot (14,810.4 sq ft) and offers versatile space ideal for various businesses. Built in 1975, the property features 3,267 square feet of office space and a 2,982 square foot warehouse with a roll-up door. The office area includes a large open space, two executive offices (one with a private bath), two additional bathrooms, a full kitchen, utility and communication rooms, and ample storage. Fifteen parking spaces are available, including handicap-accessible spots. The building has central heat and air (warehouse unit currently inoperable), and a lighted street sign enhances visibility. The property's zoning and measurements should be independently verified by the buyer. Multiple entrances and the spacious layout offer endless possibilities for a variety of commercial uses, including office supply, real estate, preschool, fitness center, or other businesses. The asking price is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,174,302

  6.5%

  $1,083,971

  7%

  $1,006,545

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,327

  Geo Method

  $456,327

• Alternative Use

  Use

  Valuation

  Residential

  $1,344,124

  Hospitality

  $1,231,211

  Educational

  $1,024,353

  Medical

  $1,059,582

  Retail

  $1,593,438

Location Insight

City

Lynn Haven

County

Bay

State

Florida

Latitude

30.241

Longitude

-85.6496

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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