2 Main StChiefland, FL 32626

Property Details for 2 Main St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

1,176 SF

Property type

Retail properties

Property subtype

Retail space

APN

699700200

APU

699700200

Description

This exceptional 1,176 square foot commercial property at 2 Main Street in Chiefland, Florida, presents a fantastic investment opportunity. Built in 1935, this versatile space is currently occupied by a thriving resale business, offering immediate income potential. The property's zoning allows for a variety of uses, including daycare, religious services, storefront retail, executive offices, and even a salon or barbershop. Its prime location directly on high-traffic Highway 19, just south of Chiefland and conveniently situated at a red light, ensures maximum visibility and accessibility. The asking price is $89,900. The property is described in the Chiefland tax records as 36-11-14 CHIEFLAND BLK 21 N 20.7 FT OF LOT 2 OR BOOK 1602 PAGE 362. This presents a unique chance to acquire a well-situated commercial property with a proven track record, ideal for both seasoned investors and first-time business owners. The existing tenant provides a stable income stream, while the flexible zoning allows for future expansion and adaptation to changing market demands. Don't miss this chance to own a piece of Chiefland's vibrant commercial landscape. The property is located at 2 Main St, Chiefland, FL 32626 (29.478559, -82.8598935).

• CAP approach

  CAP return

  Valuation

  6%

  $373,317

  6.5%

  $344,600

  7%

  $319,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,549

  Geo Method

  $201,549

• Alternative Use

  Use

  Valuation

  Residential

  $290,683

  Hospitality

  $266,264

  Educational

  $221,529

  Medical

  $229,148

  Retail

  $344,600

Location Insight

City

Chiefland

County

Levy

State

Florida

Latitude

29.4786

Longitude

-82.86

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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