3296 Main StVernon, FL 32462

  • Retail properties
  • 6,720 SF
For Sale
$440,000 View listing

Property Details for 3296 Main St

Year built
2003
Lot size
1.03 AC
Property size (Sq ft)
6,720 SF
Property type
Retail properties
Property subtype
Retail space
APN
42020046
APU
42020046

Description

This exceptional 8,600 square foot retail property, situated on 1.03 acres at 3296 Main Street in Vernon, Florida, presents a remarkable investment opportunity. Previously occupied by a Dollar General store, this high-traffic, high-visibility location boasts ample space suitable for a wide range of businesses. The expansive square footage allows for flexibility, potentially accommodating multiple tenants through division. Its prime Main Street location ensures excellent accessibility and visibility, making it ideal for retail, restaurants, beauty salons, barber shops, or similar ventures. The property's prominent position guarantees significant exposure to a substantial customer base. The seller is open to considering lease-purchase options with a significant down payment, offering a flexible acquisition strategy for qualified buyers. This is a rare chance to secure a well-established commercial space in a thriving area with exceptional potential for growth and profitability. The property's size and location make it an attractive prospect for entrepreneurs and investors alike. Don't miss this opportunity to own a piece of Vernon's bustling commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,374,119
    6.5%
    $1,268,417
    7%
    $1,177,816
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,203,866
    Geo Method
    $1,203,866
  • Alternative Use

    Use
    Valuation
    Residential
    $1,069,958
    Hospitality
    $980,075
    Educational
    $815,411
    Medical
    $843,454
    Retail
    $1,268,417
3296 Main St, Vernon, Florida

Location Insight

City
Vernon
County
Washington
State
Florida
Latitude
30.6088
Longitude
-85.7198

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
$6,403
$22,497
$324,900
$347,397
-
$22,497
$324,900
$347,397

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