$ 229,777
589 S Duval Avenue Madison, FL 32340-2500
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$ 229,777
Est. payment /mo
Active
589 S Duval Avenue Madison, FL 32340-2500
16,248 SqFt
UPDATED:
09/21/2024 04:47 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,248 sqft
Price per Sqft $14
Subdivision Lakeside Heights
MLS Listing ID 376905
Construction Status Floor - Wood,Frame
Lot Size 0.370 Acres
Property Description
This two-story building, once a TV repair shop, is now leased on a month-to-month basis, with both the upstairs and downstairs units renting for $700 each. Zoned for multi-family use (up to 10 units), it also carries a commercial zoning designation of 0213 RES Z, allowing for versatile Commercial/Office Residential use. Included in this offer is a vacant corner lot adjacent to the property, giving the new owner a combined 250 feet of frontage along S Duval Avenue, with the additional address at SE Oak St. With the current zoning, the property offers a variety of possibilities—rent the upstairs unit while utilizing the downstairs for a business or office, or redevelop the entire site by combining the two parcels for a multi-unit apartment building, convenience store, or other commercial ventures. The property is located less than 10 minutes from Interstate 10, in the heart of Madison, FL, with Valdosta, GA only 35 miles away and Tallahassee, FL about 60 miles out. While the apartments may benefit from some updating, they are currently rentable. Additionally, a 400-square-foot garage in the back provides extra flexibility for storage or other uses. Situated on corners with 250 feet of road frontage along Highway 53 (S Duval Avenue), this property offers endless potential.
Location
State FL
County Madison
Area Madison
Interior
Heating Wall Units
Cooling Wall Units
Exterior
Road Frontage Government Maint., Main Thoroughfare, Paved, State Road, U.S. Highway
Building
Construction Status Floor - Wood,Frame
Others
Ownership HENTGES
SqFt Source Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by EXP Realty, LLC