You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Commercial land

120 SE Hancock Ave Madison, FL 32340

1,629 SF 0.23 ac lot Built 1960
Individually Owned 7-yr Hold Free & Clear
Property ID
US18-3015919
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1960
Total area 1,629 SF
Lot 0.23 ac (9,975 SF)
APN 00-00-00-3671-000-000
UPID US18-3015919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Donny H Salter · 7 yrs held
Donny H Salter
since 2019
6 recorded transactions
2020
Price N/A
2020
Price N/A
2019
$40,000
2018
Price N/A
2005
$95,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message