179 Base St Madison, FL 32340-2504
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.
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Mike's Pump Repair & Well Drilling Inc Construction Company General Contractor
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
Similar Nearby for Lease
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.