3073 Main St Cottondale, FL 32431-3041
- Retail space
- 8,300 SF
- 1.86 lot acres
Current Use by Public Records
- Retail space
Property Details for 3073 Main St
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 1.86 lot acres
- Property size
- 8,300 SF
- Property type
- Retail space
- APN
- 31-5N-11-0092-0000-00N4
- APU
- 315N110092000000N4
Description
This 8,300 square foot commercial building in Cottondale, Florida, presents a unique investment opportunity. Ideally situated on Highway 231, this property offers excellent visibility and accessibility, located an hour from Panama City and 30-40 minutes from Dothan, Alabama. The building features 3,000 square feet of climate-controlled retail space, including a private office, storage room, and bathroom. A spacious 5,000 square foot warehouse area in the rear boasts two roll-up doors, multiple storage bays, a loft for additional storage, and a second bathroom, perfect for various operational needs. The property also includes a fenced rear lot for secure storage and ample parking in front. Built in 1985, this property sits on an 81,021.6 square foot lot and is zoned commercial, with city water, sewer, and garbage services. The asking price is $430,000. This versatile space is suitable for businesses seeking a combination of retail and warehouse functionality, offering a prime location for growth and success in the heart of Cottondale. High visibility and convenient access to major roadways (Highway 231 and Interstate 10) ensure strong logistical advantages.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $385,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $455,000
- Mixed-Use
- $390,000
- Hospitality
- $400,000
- Educational
- $340,000
- Residential Income
- $425,000
- Energy
- $345,000
- Income-Based Land
- $395,000
- Food Service
- $445,000
Location Insight
- Map
- Local Demand
- City
- Cottondale
- County
- Jackson
- State
- Florida
- Longitude
- -85.3772
- Latitude
- 30.7904