589 Duval Ave Madison, FL 32340
- Commercial real estate
- 16,248 SF
- 0.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 589 Duval Ave
- Lot size
- 0.37 lot acres
- Property size
- 16,248 SF
- Property type
- Commercial real estate
Description
This exceptional Madison, FL property presents a unique investment opportunity. The 16,248-square-foot, two-story building, formerly a TV repair shop, currently generates income via two month-to-month leases at $700 each. The property boasts versatile zoning (0213 RES Z), allowing for multi-family use (up to 10 units) and commercial/office residential applications. The strategic location on S Duval Avenue (Highway 53) offers 250 feet of road frontage, maximizing visibility and accessibility. An adjacent vacant lot (0.37 acres) is also available for purchase, expanding the potential to over half an acre and further enhancing frontage. This combined parcel provides ample space for redevelopment into a multi-unit apartment building, convenience store, or other commercial ventures. The existing building includes a 400-square-foot garage, offering additional storage or workspace. The property is conveniently located less than 10 minutes from Interstate 10, with Valdosta, GA, a 35-mile drive, and Tallahassee, FL, approximately 60 miles away. While the apartments could benefit from updates, they are currently generating rental income. This property offers significant upside potential for savvy investors seeking a prime location with flexible zoning and high-traffic exposure. The combined purchase price for both the building and the adjacent lot is $221,554.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Florida
- Longitude
- -83.40968
- Latitude
- 30.46235
