Corner Storefront
For Sale
$464,900
545760 US HIGHWAY 1, Callahan, FL 32011
Commercial Sale, Callahan, FL
Property Size4,628 SF
Lot Size1.56 Acres
Price / SF$100.45
Days on Market101
Property Features for 545760 US HIGHWAY 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
Fencing
Fenced
Lot features
Corner Lot
Directions
From town of Callahan, head NW on US Hwy1 approx 5.5 miles, building located on the right with over 300' frontage on US Hwy1, turn R onto M Sikes Rd, and gate to back is on the right/corner lot on US Hwy 1 which leads you to the over 1.5 acre parcel with building.
Subdivision
492-Nassau County-W Of I-95/N To State Line
Standard status
Active
APN
37-3N-24-0000-0003-0000
Size
4,628 SF
Lot size
1.56 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2065
Utilities
Sewer type
Septic Tank
Cooling system
Electric, Separate Meters
Water source
Well, Private
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Building materials
Block, Concrete
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
DONNA DAIGLE · License #3016551
(904) 403-6064
Added: Jul 1
Changed: Oct 2
Last Checked: Oct 9 at 5:06PM
MLS# 2153354
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,628-square-foot storefront property occupies a corner parcel at M. Sikes Rd and US 1. The building includes 3,854 square feet of primary commercial space plus a connected 774-square-foot apartment/office with a kitchen, living room, and bathroom. The former casino layout included a kitchen, and the property previously operated as a furniture store. Front-facing glass storefronts are protected by storm shutters, while separate electric meters, electric cooling, block and concrete construction, fencing, private well water, and a septic tank are in place.
The property has 100 feet of frontage on US 1, a median opening directly in front, and an average daily traffic count of almost 18,000. It was built in 1956 and includes a cell phone tower easement at the rear of the parcel. The property is being sold as-is, with future use and GLA subject to buyer due diligence.
The property has 100 feet of frontage on US 1, a median opening directly in front, and an average daily traffic count of almost 18,000. It was built in 1956 and includes a cell phone tower easement at the rear of the parcel. The property is being sold as-is, with future use and GLA subject to buyer due diligence.
Key Highlights
- 4,628 SF total building area, including 3,854 SF commercial space and 774 SF apartment/office
- 100 feet of frontage on US 1 with a median opening directly in front
- CG zoning and average daily traffic count of almost 18,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,411
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,220
$348.2K
Cap Rate 7%
$248,729
$248.7K
Cap Rate 9%
$193,456
$193.5K
Market Conditions
NOI Build-Up for 4,628 SF
Gross rent
$66.6K $14.40/SF
− Vacancy
−$30.0K −$6.48/SF
EGI
$36.7K $7.92/SF
− OpEx
−$19.2K −$4.16/SF
NOI
$17.4K $3.76/SF
Area
Nassau County, FL
Vacancy
45.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,220
Cap Rate 7%
$248,729
Cap Rate 9%
$193,456
Alternative Uses
Best Use
Retail
$747.2K
$653.8K – $871.8K
NOI $52,307 @ 7.0% cap · market cap 11.25%
Second Best
Hotel Hospitality
$248.7K
$217.6K – $290.2K
NOI $17,411 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,414 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32011, FL
15,678
Population
6,298
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
168.5 sq mi
ZIP Area
93
Density / Sq Mi
$77,121
Median Household Income
$45,345
Median Earnings
$1,000
Median Rent
$234,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - CG-zoned commercial building with separate apartment/office space and a median opening on US 1.
Where is this storefront property located?
The property is located at 545760 US HIGHWAY 1 Callahan, FL.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 4,628 SF total building area, including 3,854 SF commercial space and 774 SF apartment/office; 100 feet of frontage on US 1 with a median opening directly in front; CG zoning and average daily traffic count of almost 18,000
