Commercial Redevelopment Opportunity

Description:

Property Description


Bay City Realty presents a rare value-add redevelopment opportunity with an existing 40,956 square foot retail property located on approximately 3.33 acres at the northeast corner of U.S. Highway 90 and State Road 276 in Marianna, Florida.

The offering is priced at $750,000, equating to $18.31 per square foot, well below replacement cost and aligned with a land-driven investment basis.

The property is currently vacant and the existing structure is not in operational condition, creating a clear value-add scenario with multiple paths forward.

For investors focused on redevelopment, the site’s size, frontage, and corridor exposure support a range of commercial uses, including retail, service-oriented concepts, or convenience-driven formats, subject to approvals. For those exploring adaptive reuse, the existing improvements offer optionality, allowing a buyer to evaluate whether renovation or reconfiguration aligns with their business plan.

Positioned within an established retail corridor that includes national and regional tenancy, the location benefits from consistent traffic patterns and commercial activity. Marianna serves as a regional hub in the Florida Panhandle, approximately one hour northwest of Tallahassee, providing connectivity to surrounding markets while maintaining a stable local economic base.


Investment Highlights


Zoned Commercial
396± Ft Hwy Frontage
Great Visibility
17,900 Traffic Count
3 Curb Cuts
3.336 Acres
40,956 SF Shopping Center
Strong Demographics and Retail Area
Ingress/Egress from both bland and blank
Average HH Income $84,000, 5 Mile Radius

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