2863 Calloway St Marianna, FL 32446
This exceptional 11.16-acre property, comprised of two parcels, presents a unique investment opportunity in Marianna, Florida. Located on Calloway Street with direct frontage on Highway 71, this commercially zoned land boasts unparalleled visibility and accessibility. The property benefits from high traffic counts, with Highway 71 showing an average daily traffic count of 10,000 vehicles and Highway 90 (a third of a mile away) registering 22,500. The site's strategic location offers proximity to key amenities including a new high school, State Caverns, and Blue Springs, further enhancing its appeal. The property includes a three-bedroom, one-bathroom home suitable for renovation, a natural spring, and city water access, along with two existing wells. The land's zoning allows for both commercial and agricultural uses, providing flexibility for a wide range of development possibilities. The area's median income of $65,000 indicates a strong demographic for various commercial ventures. This is a rare chance to acquire a significant land parcel in a thriving location with high visibility and diverse development potential. The APN is 02-4N-10-0358-0000-0262 and the asking price is $550,000. Ownership is fee simple.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.