Fixer Upper
Address
649 W Base Street, MADISON, FL
Price
$ 2,500,000
Property Attributes
- MLS#C7516446
- TypeCommercial
- Listing Status Active
- CountyMadison
- CityMADISON
- AreaMadison
- Zip32340
- StyleMulti Family (5+)
- Year Built1969
- Taxes$ 7369
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12204
- Lot Size1.35 Acres
Data Source:
Stellar MLS
Property Description
A rare opportunity to own three income-producing properties in the charming heart of Madison, Florida — a peaceful, historic town known for its southern hospitality and small-town growth. This portfolio includes 649 W Base St, 643 W Base St, and 912 SW Pinckney St, offering a total of three individual properties, each with its own character and potential. All units are conveniently located within minutes of downtown Madison, schools, shops, and dining — yet set on spacious lots that offer privacy, mature landscaping, and room to expand. Together, the properties total over an acre of land, providing investors or multi-family owners the ideal blend of comfort and long-term appreciation. Each unit features independent entrances, separate utilities, and functional layouts, giving you the freedom to rent for maximum cash flow, transform them into a charming short-term rental portfolio or Build a new Construction. Whether you’re a first-time investor, Builder, experienced landlord, or visionary seeking passive income in a quiet North Florida community, this trio offers an exceptional cap rate opportunity in a market with steady rental demand and limited multi-unit inventory. Nestled near major routes like Base Street (US-90) and just a short drive from I-10, these properties combine convenience, flexibility, and growth potential. With their solid structures, walkable location, and multiple income streams, this is the kind of deal that rarely comes around in Madison County- Three Properties, One opportunity, Endless potential.
| Price History | |
|---|---|
| 12/19/2025 | Listed $2,500,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Close Of Escrow |
| Roof | Shingle |
| Construction Materials | Concrete |
| Year Built | 1969 |
| Property Subtype | Multi Family (5+) |
| Tax Year | 2024 |
| Ownership | Corporation |
| Additional Parcels Description | 21-1N-09-3865-011-002, 21-1N-09-3865-011-001 |
| County | Madison |
| New Construction | false |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | From I-10, take Exit 251 toward FL-14 N / Madison. Continue north on FL-14 N (S Range St) for about 2 miles. Turn left onto Base Street (US-90 W) and continue for approximately 0.6 mile. Properties — 649 W Base St and 643 W Base St — will be on your left, near the intersection of SW Pinckney St. 912 SW Pinckney St is located just around the corner to the southwest. |
| City | MADISON |
| MLS Area | 32340 - Madison |
| Lot Size Units | Acres |
| Lot Size Square Feet | 58719 |
| Listing Terms | Assumable,Cash,Special Funding |
| Tax Annual Amount | 7369.6 |
| Property Condition | Fixer |
| Additional Parcels Y/N | true |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/C7516446 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Legal Description | PART OF NW 1/4 OF SE 1/4 OR 79/439 LESS 1.69 AC OR 258/69 LESS 1.36 AC OR 706/179 TT 3865-11-2 LESS 1.04 AC OR 1077/226 TT 3865-11-3 OR 1077/233 OR 1212/70 OR 1279/183 OR 1287/291 OR 1432/199 OR 1453/82 |
| Water Access Y/N | false |
| Water View Y/N | false |
| Flood Zone Code | x |
| Flood Zone Code X | Yes |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | true |
Exterior Features
| Lot Size Area | 1.348 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 3 |
| Building Area Total | 17168 |
| Lot Size Acres | 1.35 |
| Road Surface Type | Concrete,Paved |
| Waterfront Y/N | false |
| Road Frontage Type | City Street |
| Number of Lots | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32340
Price
Taxes
Year Built
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Updated on September 28, 2026 6:28 PM UTC
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All or a portion of the multiple listing information is provided by the Williamsburg Multiple Listing Service, LLC, from a copyrighted compilation of listings. All WMLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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