4440 Lafayette StMarianna, FL 32446

  • Office properties
  • 21,226 SF
For Sale
$729,000 View listing

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
4440 Lafayette St, Marianna, Florida

Location Insight

City
Marianna
County
Jackson
State
Florida
Latitude
30.7746
Longitude
-85.2261

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,113
$101,850
$276,940
$378,790
-
$101,850
$276,940
$378,790

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