589 Duval Street

Madison, FL 32340

$229,777
Price
Beds
16,248 Sq. Ft.
$14 / Sq. Ft.
16,248
Sq. Ft.
$14
per Sq. Ft.

Description

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...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.
  1. Listed by J. Gregory Norris • EXP Realty, LLC

Property Details for 589 Duval Street

Parking Features
Other, Unpaved
Subdivision Name
Lakeside Heights
LISTING UPDATED: 09/30/2024 12:12 PM

Property Details for 589 Duval Street

StatusActive
MLS #376905
Days on Market62
Taxes$906 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built-
Lot Size0.37 AC / 16,117 SF
CountyMadison County

Building Information for 589 Duval Street

Stories-Residences2Year Built-Building Size-Lot Size0.37 AC / 16,117 SF

Property Information for 589 Duval Street

Summary
Location and General Information
  • City: MADISON
  • County Or Parish: Madison
  • Directions: South off Base St in Madison, FL onto Hwy 53/Duval
  • Postal Code: 32340-2500
  • Latitude: 30.462348
  • Longitude: -83.409675
  • State Or Province: FL
  • Road Frontage Type: Highway, MainThoroughfare, StateRoad
  • Road Surface Type: Paved
Taxes and HOA Information
  • Parcel Number: 12079-00-00-00-4509-000-000
  • Tax Annual Amount: $906.00
  • Tax Block: H
  • Tax Lot: 13
Property
Lot Information
  • Building Area Source: Assessor
  • Building Area Total: 16248.0
  • Lot Size Acres: 0.37
Property and Assessments
  • Current Use: MultiFamily, Office
  • Property Type: CommercialSale
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Documents Available: Disclosures, SellersPropertyDisclosure
  • Human Modified: No
  • Road Responsibility: PublicMaintainedRoad
Utilities
  • Electric: Volts220
  • Utilities: CableAvailable, ElectricityAvailable, PhoneAvailable, WaterAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Storage
  • Construction Materials: Frame
Interior Features
  • Flooring: Hardwood
  • Cooling: Yes
  • Cooling: WallWindowUnits
  • Heating: WallFurnace
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Existing Lease Type: Gross
  • Lease Considered: No
  • Lease Term: MonthToMonth

Property History for 589 Duval Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 589 Duval Street

Taxable ValueLand$22,295Additions$22,409Total$44,704
Tax Record2023$906 ($76 / month)
Home Facts
Total Finished SqFt2,302 SqFtAbove Grade Finished SqFt2,302 SqFtStories1Lot Size16,248 SqFtStyleMulti-Family Dwelling (2-4)Year Built1940ZoningC4CountyMADISONAPN00-00-00-4509-000-000

Schools near 589 Duval Street

This home is within Madison.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 12
Public - K to 12
Rating
School
Distance
Madison County Central School
PublicPK to 8

Madison County High School
Public9 to 12

Madison Virtual Instruction Program
PublicK to 12

Madison Virtual Franchise
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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589 Duval Street is a multi-family home for sale in Madison, FL 32340. This property was listed for sale on September 7, 2024 by EXP Realty, LLC, it's currently listed at $229,777. It has been on the market for a total of 62 days and was last sold on May 11, 2006. This listing's school district is Madison. Nearby schools include Madison County Central School, Madison County High School and Madison Virtual Instruction Program. 589 Duval Street is a 0-bed, 0-bath, 16,248 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, LLC

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.