2873 Highway 71Marianna, FL 32446

Property Details for 2873 Highway 71

Year built

1962

Construction

STEEL FRAME

Lot size

1.34 AC

Property size (Sq ft)

4,224 SF

Property type

Retail properties

Property subtype

Retail space

APN

02-4N-10-0358-0000-0270

APU

024N10035800000270

Description

This exceptional commercial property, located at 2873 Highway 71 in Marianna, Florida, presents a unique investment opportunity. The 1.34-acre lot boasts a substantial 4,224 square foot building, offering ample space for a variety of commercial ventures. Over 1,100 square feet of the building is climate-controlled, providing comfortable workspace. The property's history as a thriving feed and seed store speaks to its strong potential for future success. Its strategic location offers excellent visibility and accessibility, enhanced by access from three different roads. The building's substantial size and the ample lot space provide flexibility for various business models, from retail to light industrial uses. The property is priced competitively at $299,900, representing a significant value for its size, location, and potential. This is an ideal opportunity for an entrepreneur seeking a well-situated commercial space in a growing area. The existing structure provides a solid foundation for immediate occupancy or renovation, allowing for customization to meet specific business needs. The property's multiple road access points ensure convenient access for customers and deliveries. Don't miss this chance to acquire a prime commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $627,171

  6.5%

  $578,927

  7%

  $537,575

• Comparable approach

  Method

  Valuation

  Relative Method

  $756,716

  Geo Method

  $756,716

• Alternative Use

  Use

  Valuation

  Residential

  $488,346

  Hospitality

  $447,323

  Educational

  $372,167

  Medical

  $384,967

  Retail

  $578,927

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.7736

Longitude

-85.1996

Property Tax & Assessments

FAQs

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