309 Main StBrooksville, FL 34601

Property Details for 309 Main St

Year built

1987

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

2,464 SF

Property type

Office properties

Property subtype

Office buildings

APN

R22-222-19-3460-0030-0090

APU

R2222219346000300090

Description

This exceptional two-story commercial building, situated at 309 S Main St in historic Brooksville, Florida (34601), presents a unique investment opportunity. Spanning 2,464 square feet on a 9,282 square foot lot, this property offers versatile space ideal for a variety of uses. Currently zoned CR, the building boasts a charming front porch and ample parking with six on-site spaces, supplemented by public parking across the street. The ground floor features an open-concept waiting area, office space, kitchen, and bathroom, while the second floor includes three additional office rooms and another bathroom. This layout allows for flexible use as a multi-office space or conversion into residential units, as detailed plans for such a conversion are available from the seller. The building benefits from recent upgrades, including LED lighting, a transferable forever roof, and an air conditioning system installed just two years ago. Its prime location offers convenient access to the Hernando County courthouse, local shops, and restaurants. Priced at $575,000 ($233.36 per square foot), this 1987-built property represents a compelling opportunity for both commercial and residential investors seeking a well-maintained building in a thriving downtown location. The building's mixed-use potential, coupled with its recent upgrades and desirable location, makes it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $471,617

  6.5%

  $435,339

  7%

  $404,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $450,000

  Geo Method

  $450,000

• Alternative Use

  Use

  Valuation

  Residential

  $539,820

  Hospitality

  $494,472

  Educational

  $411,395

  Medical

  $425,544

  Retail

  $639,948

Location Insight

City

Brooksville

County

Hernando

State

Florida

Latitude

28.5518

Longitude

-82.3876

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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