2811 Highway 71Marianna, FL 32446

Property Details for 2811 Highway 71

Year built

1997

Construction

CONCRETE

Lot size

0.55 AC

Property size (Sq ft)

4,235 SF

Property type

Retail space

APN

02-4N-10-0000-0390-0020

APU

024N10000003900020

Description

This exceptional free-standing office building, located at 2811 Highway 71 in Marianna, Florida, presents a compelling passive investment opportunity. Built in 1997, the single-unit property boasts a prime location within a thriving commercial corridor, surrounded by established national and local businesses. The property features a substantial 24,000 square foot lot, providing ample space and 30 parking spots for convenience. Currently operating under a Triple Net Lease with Kyle Smoke Shop, this investment offers a strong capitalization rate. The building itself is classified as an office property and is situated in a high-traffic area, ensuring consistent visibility and accessibility. The zip code is 32446. The asking price for this turnkey investment is $600,000. This presents a rare chance to acquire a well-located, income-producing asset in a growing Florida market. The property's strong tenant and favorable lease terms make it an attractive option for investors seeking stable returns. The location's proximity to various amenities further enhances its appeal. This is an excellent opportunity to add a high-performing asset to your portfolio. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $741,874

  6.5%

  $684,807

  7%

  $635,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $758,687

  Geo Method

  $758,687

• Alternative Use

  Use

  Valuation

  Residential

  $577,660

  Hospitality

  $529,134

  Educational

  $440,233

  Medical

  $455,373

  Retail

  $684,807

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.7698

Longitude

-85.2045

Property Tax & Assessments

FAQs

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