280 W Washington St Monticello, FL 32344
This exceptional 7,797 square foot commercial property, situated on a 0.26-acre lot at 280 W Washington Street in Monticello, Florida, presents a rare investment opportunity. Located in the heart of downtown, less than 500 feet from the Monticello Courthouse, this B-1 (Business Central) zoned building boasts prominent road frontage on both Highway 90 West, a major thoroughfare, and North Olive Street, ensuring high visibility and accessibility for both vehicular and pedestrian traffic. The property's strategic location places it amongst established local businesses, creating a vibrant and thriving commercial environment. The interior comprises 13 rooms and 4 separate restrooms, offering flexibility for a variety of uses and the potential for multiple separate business spaces. A convenient garage provides ample storage, and a dedicated entry/exit on the building's north side enhances functionality. Currently, a two-year lease is in place. While some minor remodeling and renovation work is still in progress, the property's strong foundation and prime location offer endless possibilities for a discerning entrepreneur or investor seeking a foothold in Monticello's dynamic commercial landscape. Additional photos will be available soon.
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.