UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 51,814 sqft
Price per Sqft $106
MLS Listing ID 1054166
Total Fin. Sqft 51814
Year Built 2000
Annual Tax Amount $30,150
Tax Year 2024
Lot Size 4.430 Acres
Acres 4.43
Property Sub-Type Multi Family
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
📈 Local Market Strength: Marianna's population is growing 4.4% annually (+32.37% since 2020, World Population Review). Median income up 37.52% since 2023 (Neilsberg). Job growth projected at 28.6% through 2034 (Best Places).
💰 Special Buyer Incentives: Up to $50K credit to complete conversion of seven 2BR units to 3BRs + $50K closing cost credit for offers closing by Dec. 31, 2025.
🏘️ Highlights:
• 100% occupancy; units lease within a week
• $800K+ recent renovations
• NOI: $362,785 (2025) → $426,603 (2026) → $466,807 (2027)
• Zoned for up to 70 units (16 units/acre)
• 17.5% projected NOI growth (2026)
Location
State FL
County Jackson
Area 999 - Out Of Area
Direction From Brevard County, take I-95 N to Jacksonville, merge onto I-10 W toward Tallahassee. Follow I-10 W ~224 miles, take Exit 142 for SR-71 N toward Marianna. Turn right on SR-71 N, then left on US-90 W/Jefferson St. Continue to 3034 Jefferson St., Marianna, FL. Total ~404 miles, about 6 hours.
Interior
Cooling Central Air
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Parking Lot
Utilities Available Water Connected
Roof Type Shingle
Present Use Multi-Family
Garage No
Building
Lot Description Many Trees
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 34-5n-10-0437-0000-0080
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/spc/1054166
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