120 SE Hancock Ave Madison, FL 32340
For Sale
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This exceptional 0.23-acre commercial lot in Madison, Florida, presents a unique investment opportunity. Situated between two of the city's busiest intersections at 120 SE Hancock Avenue, this property boasts high visibility and excellent accessibility. The lot is already equipped with a functioning commercial ice house, which will be conveyed with the sale, providing immediate income potential or a solid foundation for redevelopment. A dedicated power pole and water hook-up are already in place, simplifying the setup for any new business. The lot itself is cleared and features an existing asphalt driveway, ensuring easy access and maneuverability. Partial fencing provides a degree of security, and ample space remains for convenient parking. Its strategic location across from the community bank and just one block from the courthouse guarantees significant foot and vehicle traffic. Furthermore, its proximity to the downtown area offers easy access to local amenities and a thriving community. This property is ideal for a variety of commercial ventures, including food trucks, retail businesses, or other enterprises seeking a high-traffic location in a bustling town center. The existing infrastructure and prime location make this a truly exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.