3296 Main StVernon, FL 32462

Property Details for 3296 Main St

Year built

2003

Lot size

1.03 AC

Property size (Sq ft)

6,720 SF

Property type

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.

• 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

Location Insight

City

Vernon

County

Washington

State

Florida

Latitude

30.6088

Longitude

-85.7198

Property Tax & Assessments

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