Search
Industrial Land with Metal Building
New
For Sale
$126,500

28 Mckinley Street, Chattahoochee, FL 32324

CommercialSale, Chattahoochee, FL

Property Size1,500 SF
Lot Size8.50 Acres
Price / SF$84.33
Days on Market2

Property Features for 28 Mckinley Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Industrial
Subdivision [No Recorded Subdiv]
Lot features Cul De Sac
Directions From the intersection of Highway 90 (Washington St.) and Main Street Downtown Chatahoochee. Head South on Main Street 1.8 miles until you can take a right onto McKinley Street. Go to the end of the street and there will be a gate go through the gate at the end of the cul-de-sac to enter the property. Sign is up.
Standard status Active
APN 2043N6W0000004330100
Size 1,500 SF
Lot size 8.50 Acres

Taxes and HOA fees

Tax Description BEGIN 532.8 FT. E. OF SWC OF SE1/4 RUN N. 375 FT., W. 534.7 FT N 0 DEG 18 MIN W 772.7 FT S 53 DEG 52 MIN E 575.5 FT N 34 DEG 36 MIN E 235 FT S 999.9 FT W 60 FT TO POB. OR 328 PG 1434 IN SECTION 4-3N-6W.....
Legal Description BEGIN 532.8 FT. E. OF SWC OF SE1/4 RUN N. 375 FT., W. 534.7 FT N 0 DEG 18 MIN W 772.7 FT S 53 DEG 52 MIN E 575.5 FT N 34 DEG 36 MIN E 235 FT S 999.9 FT W 60 FT TO POB. OR 328 PG 1434 IN SECTION 4-3N-6W.....

Utilities

Heating system Electric (Heating), Central
Cooling system Central Air

Amenities

open meeting room
kitchen area
private office
two full bathrooms
roll-up door

Building Details

Year built 1991
Flooring type Concrete
Building materials MetalSiding, SteelFrame
Roof type Metal
Listing Agency: Florida Showcase Realty, LLC
Listed By: Joelle E Roberts
Added: Oct 22 Last Checked: Oct 23 at 4:06AM
MLS# 796889

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 8.5-acre industrial property includes a 1,500-square-foot metal building constructed in 1991. Its interior has an open meeting room, kitchen area, private office, and two full bathrooms. A roll-up door provides building access, while a large concrete parking area serves the site. The building has central electric heat and central air conditioning.

Approximately 7.5 acres are wooded. The property is served by both city sewer and septic.

Key Highlights

  • 8.5‑acre industrial property with a 1,500‑square‑foot building
  • Approximately 7.5 acres are wooded
  • Metal building constructed in 1991

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$10,174
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,480 $203.5K
Cap Rate 7%
$145,343 $145.3K
Cap Rate 9%
$113,044 $113.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$15.3K $10.20/SF
− Vacancy
−$765 −$0.51/SF
EGI
$14.5K $9.69/SF
− OpEx
−$4.4K −$2.91/SF
NOI
$10.2K $6.78/SF
Area
Gadsden County, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,480
Cap Rate 7%
$145,343
Cap Rate 9%
$113,044

Alternative Uses

Best Use
Industrial
$145.3K
$127.2K – $169.6K (±1% cap)
NOI $10,174 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.7K
$321.8K – $429.0K (±1% cap)
NOI $25,741 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Kitchen & Bath Showroom Hair Salon Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

23
Businesses Nearby

Demographics for 32324, FL

4,554
Population
1,898
Households
2.4
Avg Household Size
46
Median Age
9%
College-Educated
77%
High-School Grad
67.4 sq mi
ZIP Area
68
Density / Sq Mi
$42,607
Median Household Income
$33,053
Median Earnings
$606
Median Rent
$79,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial property - An existing meeting facility includes a kitchen, private office, two bathrooms, and a roll-up door.
Where is this industrial property located?
The property is located at 28 Mckinley Street Chattahoochee, FL.
What is the asking price?
The asking price for this property is $126,500.
What are key features of this property?
This property features: 8.5‑acre industrial property with a 1,500‑square‑foot building; Approximately 7.5 acres are wooded; Metal building constructed in 1991
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved