309 Main St Brooksville, FL 34601-3339
- Office buildings
- 2,464 SF
- 0.21 lot acres
Sep 13, 2024
Current Use by Public Records
- Christopher J. Smith, P.A. / Social Security Attorney
Property Details for 309 Main St
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 0.21 lot acres
- Property size
- 2,464 SF
- Property type
- Office buildings
- APN
- R22-222-19-3460-0030-0090
- APU
- R2222219346000300090
Description
This exceptional two-story commercial building, situated at 309 S Main St in historic Brooksville, Florida (34601), presents a unique investment opportunity. Spanning 2,464 square feet on a 9,282 square foot lot, this property offers versatile space ideal for a variety of uses. Currently zoned CR, the building boasts a charming front porch and ample parking with six on-site spaces, supplemented by public parking across the street. The ground floor features an open-concept waiting area, office space, kitchen, and bathroom, while the second floor includes three additional office rooms and another bathroom. This layout allows for flexible use as a multi-office space or conversion into residential units, as detailed plans for such a conversion are available from the seller. The building benefits from recent upgrades, including LED lighting, a transferable forever roof, and an air conditioning system installed just two years ago. Its prime location offers convenient access to the Hernando County courthouse, local shops, and restaurants. Priced at $575,000 ($233.36 per square foot), this 1987-built property represents a compelling opportunity for both commercial and residential investors seeking a well-maintained building in a thriving downtown location. The building's mixed-use potential, coupled with its recent upgrades and desirable location, makes it an attractive investment prospect.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $375,000
- ML approach
- $375,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $295,000
- 6.5%
- $275,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $250,000
Market price range: $162k - $375k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $275,000 Current use
- AUTO REPAIR, GARAGE
- $465,000 Change: +71% Conversion: Difficult
- MEDICAL BUILDING
- $335,000 Change: +22% Conversion: Easy
- RETAIL STORES
- $295,000 Change: +8% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooksville
- County
- Hernando
- State
- Florida
- Longitude
- -82.3876
- Latitude
- 28.5518
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
