Commercial Building in Havana, Florida

709 N Main Street, Havana, FL 32333

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For Sale

$379,995

2,589 Sq. Ft. commercial building on 1/3 acre lot.

Type:Commercial/Industrial

Property size:

2,589 SF

Lot size:

0.31 Acres

Price / SF:

$146/SF

HighLights

Priced below market value, presenting a potential investment opportunity.
2,589 Sq. Ft. commercial building with flexible usage options.
Located on a major arterial (Hwy 27N) with high visibility.
Two units: a 1,589 Sq. Ft. laundromat and a 1,000 Sq. Ft. space ready for customization.
Located adjacent to Burger King and Havana City Hall.
Zoning qualified as Disadvantaged Enterprise.

We can help!

Listing Contact

Cliff Glansen

For Sale

$379,995

2,589 Sq. Ft. commercial building on 1/3 acre lot.

Type:Commercial/Industrial

Property size:

2,589 SF

Lot size:

0.31 Acres

Price / SF:

$146/SF

Added:: Feb 21, 2024
Days on Market:: 845
Last Refresh:: May 19 at 11:07 pm

Property Features for 709 N Main Street

General Information

Standard status: Active
Size: 2,589 SF
Lot size: 0.31 Acres
Property subtype: Commercial/Industrial

We can help!

Listing Contact

Cliff Glansen

Listing agent Cliff Glansen License #707077

Listing office FlatFee.com

Listing date Feb 21, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of FlatFee.com

HighLights

Priced below market value, presenting a potential investment opportunity.
2,589 Sq. Ft. commercial building with flexible usage options.
Located on a major arterial (Hwy 27N) with high visibility.
Two units: a 1,589 Sq. Ft. laundromat and a 1,000 Sq. Ft. space ready for customization.
Located adjacent to Burger King and Havana City Hall.
Zoning qualified as Disadvantaged Enterprise.

Overview

This 2,589 sq. ft. commercial building is located in Havana, Florida, situated on a 1/3 acre lot. The property is comprised of two units: one 1,589 sq. ft. space previously used as a laundromat, and an additional 1,000 sq. ft. unit suitable for a salon or other business. The entire building can be adapted for various commercial uses, including a restaurant or convenience store. The property is located on a major arterial, Hwy 27N, adjacent to Burger King and Havana City Hall. The zoning is qualified as disadvantage Enterprise.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$41.9k	$16.20
− Vacancy	−$2.5k	−$0.97
EGI	$39.4k	$15.23
− OpEx	−$9.9k	−$3.81
NOI	$29.6k	$11.42

2,589 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$422.4K

$369.6K – $492.8K (±1% cap)

NOI $29,569 @ 7.0% cap · market cap 7.78%

Second Best

Retail

$359.2K

$314.3K – $419.1K (±1% cap)

NOI $25,146 @ 7.0% cap · market cap 6.62%

Theoretical Best

Office A

$634.7K

$555.4K – $740.5K (±1% cap)

NOI $44,430 @ 7.0% cap · market cap 11.69%

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

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Havana
County: Gadsden
State: Florida
Longitude: -84.4149
Latitude: 30.6132

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View Details

For sale
Retail properties & Spaces
FL
Havana
32333
709 N Main Street

What type of property is this?

Retail property - 2,589 Sq. Ft. commercial building on 1/3 acre lot.

Where is this retail property located?

The property is located at 709 N Main Street Havana, FL.

What is the asking price?

The asking price for this property is $379,995.

What are key features of this property?

This property features: Priced below market value, presenting a potential investment opportunity.; 2,589 Sq. Ft. commercial building with flexible usage options.; Located on a major arterial (Hwy 27N) with high visibility.