Bell, FL Landmark
1010 South Main Street, Bell, FL 32619
3.18 acre corner property with high traffic and development potential.
Type:Commercial Sale / Mixed Use
Property size:
1,660 SFLot size:
3.18 AcresPrice / SF:
$192/SF- Added:
- May 18, 2024
- Days on Market:
- 746
- Last Refresh:
- Mar 13 at 9:25 am
Property Features for 1010 South Main Street
General Information
- Standard status
- Active
- Size
- 1,660 SF
- Lot size
- 3.18 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1948
Listing agent Natalie Rankin, S License #3023353 (352) 463-9001
Listing office HOMETOWN REALTY OF NORTH FLORIDA, INC (352) 463-9001
Listing date May 18, 2024
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of HOMETOWN REALTY OF NORTH FLORIDA, INC
HighLights
- Prime 3.18‑acre corner lot at the intersection of Main Street and Bell Ave, the busiest corner in Bell, FL.
- High visibility location directly across from Bell Middle/High School, generating significant vehicle and foot traffic.
- Frontage on three roads (Main Street, Bell Ave, and Jones St) offering multiple access points and development options.
- Zoned partially Commercial and partially Residential, providing flexibility for various uses.
- Includes an 18x24 concrete block garage with electric service, rollup door, and walk‑through door.
- Existing wood frame building suitable for residential or professional business use.
Overview
This landmark 3.18 acre property is located in Bell, FL, at the corner of Main Street and Bell Ave, described as the busiest corner in town, especially during school sessions. Known as the "Iris Roberts home", the property features 292' of frontage on Main Street and 274' on Bell Ave (NW 10th ST), with additional frontage on Jones St on the East side. The location experiences high vehicle and foot traffic due to its proximity directly across the street from Bell Middle / High School. The property is comprised of multiple lots that can be used independently. A portion of the property is zoned commercial, and another portion is zoned residential. There is a wood frame building on the property, last used as a residence, that could be suitable for an office or other professional business. Additionally, there is an 18x24 concrete block garage building with electric service, featuring a rollup door and a walk-through door. The property offers development opportunities due to its acreage and location.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $19.80 |
| − Vacancy | −$5.3k | −$3.17 |
| EGI | $27.6k | $16.63 |
| − OpEx | −$6.9k | −$4.16 |
| NOI | $20.7k | $12.47 |
1,660 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$295.8K
$258.8K – $345.1K
NOI $20,707 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$273.9K
$239.7K – $319.6K
NOI $19,173 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$411.1K
$359.8K – $479.7K
NOI $28,780 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Bell
- County
- Gilchrist
- State
- Florida
- Longitude
- -82.8604125
- Latitude
- 29.7531504
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 3.18 acre corner property with high traffic and development potential.
Where is this commercial land located?
The property is located at 1010 South Main Street Bell, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Prime 3.18‑acre corner lot at the intersection of Main Street and Bell Ave, the busiest corner in Bell, FL.; High visibility location directly across from Bell Middle/High School, generating significant vehicle and foot traffic.; Frontage on three roads (Main Street, Bell Ave, and Jones St) offering multiple access points and development options.
