2964 Milton AveMarianna, FL 32448

Property Details for 2964 Milton Ave

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

4,470 SF

Property type

Retail properties

Property subtype

Auto shops

APN

04-4N-10-0292-0000-013A

APU

044N1002920000013A

Description

This exceptional commercial property, located at 2964 Milton Avenue in Marianna, Florida, presents a unique investment opportunity. The 4,470 square foot building sits on a spacious 20,908.8 square foot lot and was constructed in 1940. Previously utilized as a tire store, the property boasts a substantial 79 x 40 foot garage and a 30 x 29 foot office space. An additional 22 x 22 foot attached office area is also included. The building's interior features an air compressor, an oil container, and three car lifts, though their current condition is unknown. The exterior is painted in Marianna High School colors. This property is ideally suited for a variety of commercial uses and offers significant potential for renovation and expansion. The asking price is $89,000. The property's prime location in Marianna, Jackson County, Florida (zip code 32448) provides excellent visibility and accessibility. This is an exceptional opportunity to acquire a substantial commercial property in a desirable location, ready for your business to thrive. Buyers are encouraged to conduct their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $783,128

  6.5%

  $722,887

  7%

  $671,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $800,786

  Geo Method

  $800,786

• Alternative Use

  Use

  Valuation

  Residential

  $609,782

  Hospitality

  $558,557

  Educational

  $464,713

  Medical

  $480,695

  Retail

  $722,887

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.7809

Longitude

-85.2464

Property Tax & Assessments

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