The Danley Building | 4440 Lafayette St
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The Danley Building 4440 Lafayette St
21,132 SF Retail Building Marianna, FL 32446 $729,000 ($34/SF)
Investment Highlights
- 15 unit arcade mall with parking lot. All plumbing and electrical new or updated. New roof and ceiling insulation after 2018
- Possibly the best commercial location in downtown Marianna. Check us out on Mainstreet Marianna
- Current development order and building permit. Currently remodeling. Lots of new glass. PVC Plumbing. Commercial Electrical approved. Separate Meters
Executive Summary
Seller will consider owner financing with 50% down, 2 Year Balloon at 10%. Property is priced at $34 per sq ft as is with buyer completing buildout. Seller will consider selling 1/2 of the building with an easement for the Common Center Hallway. Local Commercial Lease average rate $10 - $12 per sq foot for completed space. Improvements are in the beginning stage for upgrades to the City of Marianna Downtown and Marianna Mainstreet. Several businesses have inquired about rental space. This building is across the street from the Jackson County Courthouse. There are only 2 small restaurant businesses open during business days. There would be a need for Attorney Offices and small businesses. A larger office would be able to use the 4664 space upstairs that looks out over Downtown. What a great place for a Restaurant! The building includes an owned parking lot. It's a great time to buy into the renovations and upgrades coming to Downtown Marianna! Just build-out the units as needed.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
21,132 SF
Building Class
B
Year Built/Renovated
1930/2019
Price
$729,000
Price Per SF
$34
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Land Acres
0.61 AC
Opportunity Zone
Yes
Zoning
B-2 - City Commercial
Parking
44 Spaces (2.08 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 03-4N-10-0346-0000-0031 | Improvements Assessment | $276,940 |
Land Assessment | $101,850 | Total Assessment | $378,790 |
PROPERTY TAXES
Parcel Number
03-4N-10-0346-0000-0031
Land Assessment
$101,850
Improvements Assessment
$276,940
Total Assessment
$378,790
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The Danley Building | 4440 Lafayette St
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