Oak St Madison, FL 32340
- Commercial real estate
- 16,248 SF
- 0.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Oak St
- Lot size
- 0.37 lot acres
- Property size
- 16,248 SF
- Property type
- Commercial real estate
Description
This exceptional 0.37-acre corner lot in Madison, Florida, presents a unique investment opportunity. Boasting 250 feet of road frontage (when combined with the adjacent parcel, sold separately or together), this property is ideally situated on SE Oak Street, adjacent to Highway 53 (589 S Duval Ave). Zoned 0213 RES Z (Commercial/Office Residential), it offers considerable flexibility for development. The location provides excellent visibility and accessibility, just 10 minutes from Interstate 10, 30 miles from Valdosta, Georgia, and approximately 55 miles from Tallahassee, Florida. The 16,248 square foot lot is situated within an X-Flood Zone. Potential uses include multi-family development (up to 10 units on the adjacent parcel), redevelopment of existing structures (if purchased with the adjacent parcel), or the creation of a mixed-use building combining residential and commercial space. Ample parking is available. This property offers significant growth potential in a central Madison location, providing buyers with the option to purchase this lot individually or in conjunction with the neighboring parcel for expanded development possibilities. The combined properties offer a substantial road frontage and a prime location for a variety of commercial or residential ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Florida
- Longitude
- -83.4089
- Latitude
- 30.4618
