289 SW Range Ave Madison, FL 32340
This exceptional two-story medical office building, located at 289 SW Range Ave in Madison, Florida, presents a unique investment opportunity. Built in 1925, the property boasts a total of 15,255 square feet and is situated on a single lot (APN: 0000003751000000) in Madison County. The building currently features a medical office configuration, including exam rooms, offices, a reception area, and a breakroom. The property is comprised of multiple tenancies. Currently, there are two spaces available for lease. The first floor offers approximately 1,500 square feet of leasable space, with approximately 6,100 square feet currently occupied by Davita. The second floor offers a larger space of approximately 7,600 square feet, providing ample room for expansion or a variety of medical practices. This prime location in Madison, FL (zip code 32340) offers excellent visibility and accessibility. The property's historical charm combined with its modern medical office setup makes it an ideal investment for healthcare professionals seeking a well-established presence in a thriving community. The building's layout is adaptable to suit various medical specialties and practice sizes. This is a rare opportunity to acquire a well-maintained, historically significant medical office building in a desirable location.
-
DaVita Four Freedoms Dialysis Medical Clinic
-
Elizabeth Fulford Physician
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.