649 W BASE STREET
Madison, FL, 32340 $ 2,500,000
Bedrooms-- Baths-- Sq 12,204 Monthly Estimate*
$ 15,597
for $2,500,000. This 12,204 square foot building was built in 1969 on a lot size of 1.35.
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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FeaturesGeneralCooling Central Air
Possession Close Of Escrow
Roof Shingle
Construction Materials Concrete
Year Built 1969
Property Subtype Multi Family
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
Tax Lot 0
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
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InteriorTotal Stories 1
Air Conditioning Y/N true
Total Baths 0
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ExteriorLot 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
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* Excluded FeaturesList ByDelphi Investment RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $15,597
- Monthly Property Taxes
- $614
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyCommerical listings in Madison, FL
Average List Price $583,227
Percent of Sale Price 77%
About Madison, FL 3,273 Population
-6% Since 2002
$ 25,378 Median Income
37.59 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/19/2025 | $2,500,000 | | Listed Price |