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    2981 Penn Ave Marianna, FL 32448

    Sponsored
    For Sale
    $699,999

    5,700 SF Metal Building, Income Producing

    Property size:
    5,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 5,700 square foot commercial building situated on a spacious 2.5-acre lot (109,771.2 sq ft) in Marianna, Florida. Built in 1998, the property boasts a versatile layout ideal for various commercial uses. The building features 2,500 square feet of climate-controlled space, including a reception area and restroom facilities. An additional 2,500 square feet of enclosed warehouse space is equipped with two 12-foot roll-up garage doors and a 14.5-foot ceiling height at its center. A covered, paved loading dock area is conveniently located at the rear of the building. Currently leased with a contract extending through December 2025, this income-producing property offers immediate return on investment. Its strategic location on Penn Avenue, near Highway 90, provides excellent visibility and accessibility to high-traffic areas, including easy access to Highway 231 and Interstate 10. The property's proximity to the railroad and other retail businesses further enhances its commercial appeal. This is a rare opportunity to acquire a substantial commercial property in a thriving location with significant growth potential. The asking price is $699,999. The property is zoned for commercial use.

    Property Features for 2981 Penn Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    5,700 SF

    Building Details

    Year Built
    1998

    HighLights

    • 5,700 SF commercial building on a 2.5‑acre lot in Marianna, FL.
    • Built in 1998, offering 2,500 SF of climate‑controlled space and 2,500 SF of warehouse space with two 12‑foot roll‑up doors.
    • Features a covered loading dock.
    • Currently leased through December 2025, providing immediate income.
    • Excellent location on Penn Ave., near Hwy 90, Hwy 231, and I‑10, with high visibility and accessibility.
    • Zoned commercial, asking price $699,999.
    Property Profile 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
    -85.2506991
    Latitude
    30.782513

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    FAQs

    What type of property is this?
    Specialty property - 5,700 SF Metal Building, Income Producing
    Where is this specialty property 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.
    What are key features of this property?
    This property features: 5,700 SF commercial building on a 2.5-acre lot in Marianna, FL.; Built in 1998, offering 2,500 SF of climate-controlled space and 2,500 SF of warehouse space with two 12-foot roll-up doors.; Features a covered loading dock.
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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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