4440 Lafayette StMarianna, FL 32446

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 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.

• 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

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