Office for Sale
Catylist Listing ID: 30404573
Property Subtypes: Executive Suites, Medical, Office Building
Building Size (RSF): 8,060 SF
Gross Building Area: 8,420 SF
Gross Land Area: 0.25 Acres
Sale Price: $1,200,000
Unit Price: $148.88 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Central Business District Office Building
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2019

Overview / Comments

8,060 square foot medical clinic is located in the heart of downtown Madison, within walking distance to amenities which functions as both the literal and physical heart of the city; small boutiques and restaurants radiate outward from it.
The medical center was updated in 2014 to meet ADA requirements, technology, electrical, plumbing, fire and alarm system. In 2015 the medical center expanded the paved parking area. Not only does the building meet current construction code it has a valuable presence in the community and has been operating as a medical clinic since 2004. The facility is located in the enterprise zone within the Business and Governmental District of Madison located at 235 SW Dade Street, Madison, Florida 32340 Please note: Building was completely gutted in 1990. Exterior walls were reglazed and painted. Also a new rolled metal roof was installed then.

Additional Details

Nearest MSA: Tallahassee
County: Madison
Submarket Type: Central Business District
Taxing Authority: City of Madison (District 1)
Tax ID/APN: 00-00-00-3753-000-000
Property Located Between: SE Range Avenue & Shelby Street
Property Visibility: Excellent
Highway Access: 0.2 mile to US HWY 90
Area Description: The medical clinic is located in the Business and Government District. Madison County Memorial Hospital is a Critical Access Hospital located 1 mile from the clinic.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,060 SF
Year Built: 1990
Year Renovated: 2014
Roof Type: Other
Construction/Siding: Block
Exterior Description: Concrete Block Stucco
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable
Zoning Description: COMMERCIAL, CENTRAL BUSINESS DISTRICT "C-CBD" Commercial, Central Business District, category includes one zoning district: C-3. It is the intent that this district be applied only to that area which forms the City's center for financial, commercial, governmental, professional, cultural, and associated activities. The intent of this district is to encourage development of the central business district as a focal community point which provides for living, working, and shopping.
Lot Frontage: 101'
Lot Depth: 108'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel ID 00-00-00-3753-000-000 BLK 38 TOWN OF MADISON LOT NO. 240 & 9' X 100', OR 489 PG 230 OR 848 PG 118 OR 869 PG 336 OR 1182 PG 285

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 633 8,671 8,671
Median Age: 36.68 37.6 37.6
Households: 278 2,779 2,779


Photograph of Listing Agent

Ron Goldstein

KW Commercial Realty Member
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