6 Fairview RdMarianna, FL 32448

Property Details for 6 Fairview Rd

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

3,108 SF

Property type

Retail properties

Property subtype

Retail space

APN

16-2N-11-0000-0020-0000

APU

162N11000000200000

Description

This exceptional 3,108 sq ft commercial building, constructed in 1950, sits on a spacious 1-acre lot (43,560 sq ft) at 6 Fairview Rd, Marianna, FL 32448. Previously operating as a bar/lounge for over 13 years, this versatile property presents a unique investment opportunity. The building boasts a covered front porch and paved parking, along with a substantial covered area in the rear. Adding to its potential, the property includes a tenant-occupied mobile home and a metal Quonset hut, providing ample storage space. Its strategic location on County Road 167, between Highway 231 and Marianna, ensures high visibility and traffic flow, as confirmed by both the previous owner and tenant. The asking price is $149,900. This property is zoned for commercial use and offers significant potential for various business ventures. The property is ready for a new owner to bring their vision to life.

• CAP approach

  CAP return

  Valuation

  6%

  $635,248

  6.5%

  $586,383

  7%

  $544,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $556,788

  Geo Method

  $556,788

• Alternative Use

  Use

  Valuation

  Residential

  $494,636

  Hospitality

  $453,084

  Educational

  $376,960

  Medical

  $389,925

  Retail

  $586,383

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.5666

Longitude

-85.3381

Property Tax & Assessments

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