Remarks

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. The adjacent vacant lot next door is also available for $41,777 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.

Details

MLS#: 376905
Price: $179,777

Style: Multi Family

County: Madison
Subdivision: Lakeside Heights
Tax Fee: 906