9655 State Road 121Macclenny, FL 32063

Property Details for 9655 State Road 121

Year built

1950

Lot size

1.50 AC

Property size (Sq ft)

1,998 SF

Property type

Retail properties

Property subtype

Retail space

APN

08-3S-22-0001-0002-0010

APU

083S22000100020010

Description

This exceptional 1.5-acre commercial property in Macclenny, Florida, presents a remarkable investment opportunity. Located at 9655 State Road 121 Unit 9655, this corner lot boasts three convenient paved road entrances, ensuring optimal accessibility for customers and employees. The property is zoned for general commercial use, encompassing retail sales, food establishments, and various service businesses. Its strategic location on SR 121 S, with close proximity to Interstate 10, guarantees high visibility and significant traffic exposure. Existing structures on the site offer multiple potential uses, although the highest and best use is likely new commercial construction. This prime location is surrounded by thriving commercial enterprises, indicating a strong and established market. The property is serviced by public water and sewer, simplifying development and operational costs. The asking price is $360,000, representing a compelling value for a site with such excellent location, accessibility, and development potential. This is an ideal opportunity for investors seeking a high-return commercial property in a rapidly growing area. Don't miss this chance to secure a prominent location in a thriving commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $634,258

  6.5%

  $585,469

  7%

  $543,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,428

  Geo Method

  $342,428

• Alternative Use

  Use

  Valuation

  Residential

  $493,865

  Hospitality

  $452,378

  Educational

  $376,373

  Medical

  $389,317

  Retail

  $585,469

Location Insight

City

Macclenny

County

Baker

State

Florida

Latitude

30.2527

Longitude

-82.1227

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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