FL
Madison
MADISON
32340
589 S DUVAL AVENUE
589 S DUVAL AVENUE, MADISON, FL 32340
Listing Type
commercial/industrial
Listing Status
active
26
$244,900

Home Details for 589 S DUVAL AVENUE

Price
$244,900
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
2302
Year built
1940
Lot size acres
0.75
County
Madison
Garage
Days on site
136
MLS Listing#
OM674458
Listing courtesy: H & H REALTY AND ASSOCIATES - 352-497-6993
Property Description

This 2-story double apartment presents a compelling investment opportunity with several noteworthy features: 1. **Versatility**: The property offers flexibility for various uses such as renting out both apartments, flipping it for profit, living in one unit while renting the other, or utilizing the ground floor for a business while living upstairs. 2. **Condition**: While it requires TLC and some repairs, the property holds significant potential for improvement and increased value once refurbished. 3. **Zoning**: It is zoned for residential office, allowing for a blend of residential and commercial use. The downstairs area with a reception space and office plus a half bath is ideal for setting up an office while the upstairs or back portion could serve as living quarters or additional office space. 4. **Location**: Positioned on CR 53 (Duval Ave) in Madison, with convenient access to I-10 and approximately 20 miles from Valdosta, enhancing its appeal for both residential and business purposes. 5. **Adjacent Lot**: The inclusion of the vacant lot next door, totaling 250ft of frontage, expands the potential significantly. Clearing the trees opens up possibilities for development, such as constructing additional buildings for more rental units, parking spaces, or creating outdoor amenities. 6. **Additional Buildings**: The presence of a 400sf building at the back suitable for storage or conversion into another apartment, along with a smaller vacant washhouse, further enhances the property's potential for diverse uses or additional rental income. Overall, this property represents a versatile investment with the opportunity to generate rental income, capitalize on its commercial zoning for business purposes, and potentially increase value through strategic improvements and development of the adjacent lot.

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Property Features
  • Utilities
    • Electricity Available
    • Public
    • Water Connected
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Space Heater
  • Water Features
    • Public
Listings courtesy of Stellar MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated: 2024-07-06 17:23:24
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Market statistics compiled from data from Stellar MLS.
EXIT SUCCESS REALTY
5160 Mariner Blvd., Spring Hill, FL 34609
Cynthia Coreano
License #: 3370562
REALTOR®
Office
352 686 2222
Agent
787 717 7476
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