700 Main StCrestview, FL 32536

Property Details for 700 Main St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

5,233 SF

Property type

Retail properties

Property subtype

Auto shops

APN

17-3N-23-2490-0138-0050

APU

173N23249001380050

Description

This exceptional 1.75-acre commercial property in Crestview, Florida, presents a unique investment opportunity. Located at 700 S Main Street, this offering comprises five parcels, four of which currently feature existing buildings. The property boasts unparalleled visibility, with road frontage on all four sides and prominent exposure from S Ferdon Blvd/S Hwy 85. The zoning designation is C1 and MU, allowing for a variety of development options. Entrepreneurs can choose to demolish the existing structures and construct new buildings tailored to their specific needs, or alternatively, renovate the existing buildings to generate immediate rental income

• CAP approach

  CAP return

  Valuation

  6%

  $1,041,832

  6.5%

  $961,691

  7%

  $892,999

• Comparable approach

  Method

  Valuation

  Relative Method

  $892,533

  Geo Method

  $937,475

• Alternative Use

  Use

  Valuation

  Residential

  $811,223

  Hospitality

  $743,076

  Educational

  $618,230

  Medical

  $639,492

  Retail

  $961,691

Location Insight

City

Crestview

County

Okaloosa

State

Florida

Latitude

30.7525

Longitude

-86.565

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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