4440 Lafayette StMarianna, FL 32446
- Office properties
- 21,226 SF
Property Details for 4440 Lafayette St
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.39 AC
- Property size (Sq ft)
- 21,226 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 03-4N-10-0346-0000-0031
- APU
- 034N10034600000031
Description
This exceptional 21,226 sq ft retail property in downtown Marianna, FL, presents a remarkable investment opportunity. Situated on a 0.59-acre lot, this building boasts recently completed major renovations including electrical, plumbing, HVAC, roof, and façade upgrades. The space is ready for tenant build-out and customization, offering flexibility for a variety of uses. A significant 4,664 sq ft upper level with elevator access is ideal for office space or a restaurant, complementing the ground floor retail units. The property benefits from a public breezeway connecting Lafayette and Market Streets, enhancing visibility and accessibility. Its prime downtown location is surrounded by thriving businesses, including law offices, retail shops, City Hall, and community gathering spaces. The property includes a dedicated parking lot. Owner financing is available with a 50% down payment and a 5-year balloon payment. This is a chance to capitalize on the growing Marianna market and generate substantial rental income for years to come. Expensive awnings are already installed. The current owner, experienced in commercial construction, will continue improvements until a buyer is found. Don't miss this chance to own a piece of Marianna's vibrant downtown.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,143,940
- 6.5%
- $1,979,022
- 7%
- $1,837,663
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,508,956
- Geo Method
- $1,508,956
-
Alternative Use
- Use
- Valuation
- Residential
- $2,453,987
- Hospitality
- $2,247,839
- Educational
- $1,870,176
- Medical
- $1,934,494
- Retail
- $2,909,162
Location Insight
- City
- Marianna
- County
- Jackson
- State
- Florida
- Latitude
- 30.7746
- Longitude
- -85.2261
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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