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Property profile & analytics
OFF-MARKET
Retail space

179 Base St Madison, FL 32340-2504

11,381 SF 0.23 ac lot Built 1901
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-4109668
Property summary
AI-generated overview

This exceptional commercial property, located at 179 E Base Street Unit 179 in the heart of downtown Madison, Florida, presents a rare opportunity for significant development. The substantial 11,381 square-foot building, situated on a 0.22-acre lot, offers a blank canvas for a wide range of commercial ventures. Its two-story layout provides ample space for diverse uses, including but not limited to a motel, apartments, retail stores, office spaces, or a dynamic mixed-use development. The property's central location within Madison ensures high visibility and accessibility, making it an ideal site for a business seeking maximum exposure. While the building requires a complete renovation, its size and prime location significantly outweigh this factor, presenting an unparalleled investment opportunity. The flexible layout allows for creative adaptation to suit various business models, potentially creating a combination of income-generating streams. This property is priced competitively at $189,500, making it an attractive proposition for investors seeking a high-return project with substantial upside potential. Don't miss this chance to acquire a landmark property in a thriving downtown area. The possibilities are truly limitless.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,381 SF
Lot 0.23 ac (9,975 SF)
APN 00-00-00-3656-000-000
UPID US18-4109668
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
Current use
Occupant on record · Public records
  • Mike's Pump Repair & Well Drilling Inc Construction Company General Contractor
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
Madison Brickyard LLC · 5 yrs held
Madison Brickyard LLC
since 2021
Last sale
$80,000
3 recorded transactions
2021
$80,000
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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