Listing provided courtesy of DELPHI INVESTMENT REALTYas Distributed by MLSGrid- MLS# MFRC7516446MLS Provider

649 W BASE STREETMADISON, FL 32340

Commercial · 12,204 Sq. ft. | 1.35 Acres
$2,500,000 Active

649 W BASE STREET Overview

Time on Site:
246 days
Visits:
1

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.

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649 W BASE STREET Facts & Features

  • Type Commercial
  • Sq. ft. 12,204
  • Price/Sq.ft. $205
  • Lot 1.35 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1969

Location/Region

  • Country: US
  • County Or Parish: Madison
  • MLS Area Major: 32340 - Madison
  • Township: 01N

Tax Information

  • Tax Annual Amount: 7369.6
  • Tax Year: 2024

General Information

  • Listing Terms: Assumable,Cash,Special Funding
  • Ownership: Corporation
  • Parcel Number: 21-1N-09-3865-011-000
  • Property Condition: Fixer
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 17168
  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air
  • Foundation Details: Slab
  • Living Area: 12204
  • Living Area Units: Square Feet
  • Stories Total: 1

Exterior

Lot Information

  • Additional Parcels Description: 21-1N-09-3865-011-002, 21-1N-09-3865-011-001
  • Additional Parcels: Yes
  • Lot Size Acres: 1.35
  • Lot Size Square Feet: 58719
  • Number Of Lots: 3
  • Road Surface Type: Concrete,Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Concrete
  • Roof: Shingle

General Information

  • Road Frontage Type: City Street

649 W BASE STREET Neighborhood

Community

32340 (MADISON) Demographics

42
Median Age
46
Population Density (per sq. mile)
23%
College Educated
$29,057
Estimated Median Income
2,622
Estimated Total Home Owners
1,301
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

649 W BASE STREET Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

649 W BASE STREET Market Data

Based on the last 30 days in this zip code

$367,108
Average List Price
$175
Average Price per Square Foot
1
Properties Sold
64
Average Days on Market
45
Properties for Sale
Calculations provided by Reliance Network

649 W BASE STREET History

Date Event Value Agent
10/28/2025Source: My Florida Regional MLS Added to Database
October 28, 2025