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    3361 Old Greenwood Rd Marianna, FL 32446

    For Sale
    $950,000

    74 Acres, High Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 74-acre (3,223,440 sq ft) vacant land parcel in Marianna, Florida (32446), presents a compelling investment opportunity. Located at 3361 Old Greenwood Road, this property is proposed as Greenfield Phase III, offering the potential to yield over 75 residential lots mirroring the successful Greenfield Phases I & II, which sold out at an average price of $25,000 per lot. A preliminary plat for Phase III is available, along with comprehensive plans and details regarding infrastructure. While Jackson County Planning and Zoning requires re-platting and resubmission for approval, this allows for customization of lot sizes and the creation of new Covenants and Restrictions tailored to the buyer's vision. The property's potential value, based on the prior phases' success, is estimated to exceed $1.8 million, with further upside depending on the chosen development plan. This is a rare chance to acquire a large, well-situated tract of land with a proven track record of high demand and profitability in a desirable Florida location. The property is situated at 30.809081 latitude and -85.189674 longitude.

    Property Features for 3361 Old Greenwood Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Clothing Store Storage Facility Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.189674
    Latitude
    30.809081

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    FAQs

    What type of property is this?
    Land - 74 Acres, High Residential Potential
    Where is this land located?
    The property is located at 3361 Old Greenwood Rd Marianna, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    Request Owner's contact information
    3361 Old Greenwood Rd Marianna, FL 32446
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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
    3361 Old Greenwood Rd Marianna, FL 32446
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