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199 Base St Madison, FL 32340-2555

OFF-MARKET Retail residential properties Google Maps
6,350 SF 0.06 ac lot Built 1901
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$65k
Range $59k – $72k (±10%)
Property ID US18-3204992

Property summary

AI-generated overview

This exceptional commercial property, located at 199 E Base Street Unit 199 in Madison, Florida, presents a unique investment opportunity. The two-story building boasts a substantial 6,000+ square feet of space, situated on a 0.06-acre lot in a highly desirable downtown location directly across from the courthouse. This prime position ensures exceptional visibility and accessibility for any business. The building is currently configured for retail or office use, offering significant versatility to suit a wide range of commercial ventures. Partial renovations have already been undertaken, significantly reducing the cost and time required for a complete fit-out. Furthermore, comprehensive engineered plans are included, providing a detailed roadmap for completing the remaining renovations to your exact specifications. This allows for extensive customization, enabling the property to be tailored to perfectly meet the unique needs of the future occupant. The building's size and location make it an ideal candidate for a flagship store, a multi-tenant office complex, or a variety of other commercial uses. This property is poised to become a prominent fixture in Madison's thriving business district, offering an unparalleled opportunity for growth and success. The asking price is $229,500.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,350 SF
Lot 0.06 ac (2,483 SF)
APN 00-00-00-3657-001-000
UPID US18-3204992

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$65k

Owner & transaction history

since 2021
Last sale
$60,000
3 recorded transactions
2021
$60,000
2005
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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