589 S Duval Avenue Madison, FL $ 229,777
589 S Duval Avenue
$ 229,777
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589 S Duval Avenue

Madison, FL, 32340
$ 229,777
Baths0.0 Sq 16,248

Monthly Estimate*

$ 1,376

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Studio

Commercial Property for sale in Madison, FL

for $229,777. This 16,248 square foot building was built on a lot size of 0.37.

This two-story building, once a TV repair shop, is now leased on a month-to-month basis, with both the upstairs and downstairs units renting for $700 each. Zoned for multi-family use (up to 10 units), it also carries a commercial zoning designation of 0213 RES Z, allowing for versatile Commercial/Office Residential use. Included in this offer is a vacant corner lot adjacent to the property, giving the new owner a combined 250 feet of frontage along S Duval Avenue, with the additional address at SE Oak St. With the current zoning, the property offers a variety of possibilities—rent the upstairs unit while utilizing the downstairs for a business or office, or redevelop the entire site by combining the two parcels for a multi-unit apartment building, convenience store, or other commercial ventures. The property is located less than 10 minutes from Interstate 10, in the heart of Madison, FL, with Valdosta, GA only 35 miles away and Tallahassee, FL about 60 miles out. While the apartments may benefit from some updating, they are currently rentable. Additionally, a 400-square-foot garage in the back provides extra flexibility for storage or other uses. Situated on corners with 250 feet of road frontage along Highway 53 (S Duval Avenue), this property offers endless potential.

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Commercial Active

Price

$ 229,777

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 906

Style

Multi Family

Lot Size

0.37

Town/City

Madison

County/Region

Madison

MLS | Web ID

376905

Features
General
Heating WallFurnace
Cooling WallWindowUnits
Utilities CableAvailable ElectricityAvailable PhoneAvailable WaterAvailable
Exterior Features Storage
Construction Materials Frame
Electric Item220Volts
Property SubType MultiFamily
Current Use MultiFamily Office
Business Type Other
County Madison
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Subdivision Name Lakeside Heights
Garage Y/N N
Status Active
Directions South off Base St in Madison FL onto Hwy 53/Duval
City MADISON
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 2
MLS Area Madison
Private Pool N
Waterfront Y/N N
Carport Y/N N
Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 906.0
Home Warranty Y/N N
Ok to Lease MonthToMonth
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 14
Lease Type Gross
Standard Status Active
Tax Lot 13
Property Sub Type Additional MultiFamily
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Interior
Flooring Hardwood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
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Exterior
Parking Features Other Unpaved
Water Source Public
Spa N
Building Area Total 16248.0
Lot Size Acres 0.37
Road Surface Type Paved
Road Frontage Type Highway MainThoroughfare StateRoad
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 589
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* Excluded Features
List By
Exp Realty, Llc

Broker

Affordability Calculator

$1,452
Per Month
95%
5%
0%
Monthly Principal & Interest
$1,376
Monthly Property Taxes
$76
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3571063 Elementary School
3570942 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2024$229,777 Listed Price

Map


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589 S Duval Avenue, Madison, FL, 32340 is a Commercial Property for sale at $229,777 with 16,248 sqft and a lot size of 0.37. 589 S Duval Avenue is a studio with 0.0 baths. The property's zip code is 32340 which is in Madison, FL