4146 Lafayette StMarianna, FL 32446

Property Details for 4146 Lafayette St

Year built

1937

Construction

BRICK

Lot size

0.21 AC

Property size (Sq ft)

1,440 SF

Property type

Office properties

Property subtype

Office buildings

APN

32-5N-10-0082-0010-0030

APU

325N10008200100030

Description

This exceptional 1,440 square foot commercial building, situated on a 0.21-acre lot at 4146 Lafayette Street in Marianna, Florida, presents a unique investment opportunity. Previously utilized as a music studio and "man cave," this adaptable space offers endless possibilities for a variety of businesses. Its versatile layout could easily accommodate multiple tenants, making it ideal for a shared workspace or businesses seeking expansion. Recent updates include a brand-new HVAC system that has been recently serviced, ensuring year-round comfort and efficiency. A functional kitchen area is equipped with a side-by-side refrigerator/freezer, double sink, hot plate, and microwave, adding convenience for any business needing food preparation capabilities. A single bathroom is also included. The building features attractive ribbed metal ceilings in the former music room and portions of the remaining space. A paved parking lot provides ample space for customers and employees. Many of the existing furnishings may be included as part of the sale, presenting a turnkey opportunity for the right buyer. This property is priced to sell at $175,000 and represents an excellent value in the Marianna commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $171,620

  6.5%

  $158,418

  7%

  $147,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,370

  Geo Method

  $102,370

• Alternative Use

  Use

  Valuation

  Residential

  $196,439

  Hospitality

  $179,937

  Educational

  $149,705

  Medical

  $154,854

  Retail

  $232,875

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.7848

Longitude

-85.2505

Property Tax & Assessments

FAQs

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