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3034 Jefferson Street Marianna, FL $ 4,999,000
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$ 4,999,000 Get more info
3034 Jefferson Street
$ 4,999,000
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Share Save

3034 Jefferson Street

Marianna, FL, 32446
$ 4,999,000
Bedrooms-- Baths84.0 Sq 51,814

Monthly Estimate*

$ 30,780

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Commercial Property for sale in Marianna, FL

for $4,999,000 with 84 full baths. This 51,814 square foot building was built in 2000 on a lot size of 4.43.

The Grove has been decisively re-priced to $4.99M, creating one of the most compelling stabilized multifamily opportunities currently available in Northwest Florida. The seller is prioritizing qualified buyers capable of executing a Q1 closing . The Grove is a 100% occupied, 44-unit apartment community that delivers strong in-place cash flow, immediate upside through a light value-add program, and long-term development optionality. Units lease in approximately one week, underscoring the depth of rental demand in this market. At the new price, the property offers: * $4.99M Purchase Price * In-Place NOI: $383,133 * 7.66% Takeover Cap Rate * 8.56% Year-One Cap Rate
(NOI modeled with updated property taxes and a new insurance quote) This is not a heavy lift or speculative repositioning. The current owner has already demonstrated rent growth on-site, providing clear proof of concept for the next phase of upside.

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Commercial Contingent

Price

$ 4,999,000

Full Bath

84

Property Type

Commercial

Taxes

$ 30,150

Style

Multi Family

Lot Size

4.43

Year Built

2000

Town/City

Marianna

County/Region

Jackson

MLS | Web ID

1054166
Features
General
Living Area 51814
Sewer Public Sewer
Cooling Central Air
Utilities Water Connected
Possession Close Of Escrow
Roof Shingle
Construction Materials Brick Frame Vinyl Siding
Year Built 2000
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Building Name The Grove Townhome Apartments
County Jackson
Property Type Commercial Sale
Attached Garage false
Contingency Inspection
Subdivision Name None
Status Active Under Contract
Directions 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.
City Marianna
Number Of Units Total 44
MLS Area 999 - Out of Area
Lot Size Units Acres
Lot Size Square Feet 192970.8
Tax Annual Amount 30150.7
MLS Area Minor 999 - Out of Area
Virtual Tour https://www.propertypanorama.com/instaview/spc/1054166
Standard Status Active Under Contract
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Interior
Air Conditioning Y/N true
Total Baths 84
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Exterior
Parking Features Parking Lot
Lot Features Many Trees
Water Source Public
Inclusions Building & Land
Lot Size Area 4.43
Lot Size Acres 4.43
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* Excluded Features
List By
Denovo Realty

Broker

team@j2porterteam.com

Email

Affordability Calculator

$33,292
Per Month
92%
8%
0%
Monthly Principal & Interest
$30,780
Monthly Property Taxes
$2,513
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/20/2026$4,999,000 Listed Price

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3034 Jefferson Street, Marianna, FL, 32446 is a Commercial Property for sale at $4,999,000 with 51,814 sqft and a lot size of 4.43. 3034 Jefferson Street has 84.0 baths and was built in 2000. The property's zip code is 32446 which is in Marianna, FL

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