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    2981 Penn Ave Marianna, FL 32448

    For Sale
    $699,999

    Income-producing, 5,700 sq ft metal building on 2.52 acres.

    Property size:
    5,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional investment opportunity presents a 5,700 square foot commercial metal building situated on a spacious 2.52-acre lot in Marianna, Florida. Currently leased until December 2025, this property generates consistent income. The building, previously utilized as an agricultural retail business, features a well-appointed front desk and bathroom. A significant portion, 2,500 square feet, is climate-controlled, offering comfortable workspace. The remaining 2,500 square feet comprises an enclosed warehouse area, equipped with two 12-foot roll-up garage doors, providing ample storage and loading capabilities. The warehouse boasts a ceiling height of 14.5 feet at its center. A covered, paved area with a loading dock is conveniently located at the rear of the building, enhancing operational efficiency. This prime location benefits from high traffic volume due to its proximity to the railroad, other retail establishments along Penn Avenue and Highway 90, and easy access to Highway 231 and Interstate 10. The property's size and features make it suitable for a variety of commercial uses, presenting a strong return on investment. The current lease ensures immediate income generation, making this an attractive opportunity for savvy investors seeking a stable and profitable venture. The asking price is $699,999.

    Property Features for 2981 Penn Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,700 SF
    Lot Size
    109,771 SF

    Building Details

    Year Built
    1998
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.25075
    Latitude
    30.78252

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    FAQs

    What type of property is this?
    Commercial real estate - Income-producing, 5,700 sq ft metal building on 2.52 acres.
    Where is this commercial real estate located?
    The property is located at 2981 Penn Ave Marianna, FL.
    What is the asking price?
    The asking price for this property is $699,999.
    (850) 482-7788
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2981 Penn Ave Marianna, FL 32448
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