Highway Frontage Commercial
103 N MAIN St Chiefland, FL 32626
For Sale
$475,999
Versatile 5,636 sq. ft. commercial building on US Highway 19.
Property Size5,636 SF
Price / SF$84.46
Days on Market97
Property Features for 103 N MAIN St
General Information
Standard status
Active
Size
5,636 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
WAVE ELITE REALTY LLC
(352) 400-0188
Listed By:
Norman Longfellow · License #3233641
(352) 400-0188
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 4:31AM
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 WAVE ELITE REALTY LLC
Investment Insights
Based on property information with market context.
This 5,636 sq. ft. commercial building is located on US Highway 19 in Chiefland, Florida, offering 117 feet of frontage on Highway 19. The property is designed with a retail showroom in the front section and a spacious warehouse/machine shop in the rear. The warehouse includes two large roll-up doors for loading and unloading. Equipped with three-phase electric, the property is suitable for industrial, manufacturing, or heavy-equipment operations. The location provides high-traffic exposure and flexible layout options, making it a strong opportunity for business expansion or investment. The property is considered bikeable with a bike score of 57 and car-dependent with a walk score of 42.
Key Highlights
- High‑traffic location with 117 feet of frontage on US Highway 19
- Versatile 5,636 sq. ft. commercial building suitable for various business uses
- Features a retail showroom and a spacious warehouse/machine shop
Financial Insights For Warehouse
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 | $50.7k | $9.00 |
| − Vacancy | −$2.3k | −$0.41 |
| EGI | $48.4k | $8.59 |
| − OpEx | −$7.3k | −$1.29 |
| NOI | $41.2k | $7.31 |
5,636 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$853.7K
$747.0K – $996.0K
NOI $59,758 @ 7.0% cap · market cap 12.55%
Second Best
Flex RnD
$755.2K
$660.8K – $881.1K
NOI $52,863 @ 7.0% cap · market cap 11.11%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,715 @ 7.0% cap · market cap 20.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Bell's Catering — 13 NE 3rd St, Chiefland, FL 32626
- Our Brands | Foodservice Management Concepts — 13 NE 3rd St, Chiefland, FL 32626
Frequently Asked Questions
What type of property is this?
Flex space - Versatile 5,636 sq. ft. commercial building on US Highway 19.
Where is this flex space located?
The property is located at 103 N MAIN St Chiefland, FL.
What is the asking price?
The asking price for this property is $475,999.
What are key features of this property?
This property features: High‑traffic location with **117 feet of frontage on US Highway 19**; Versatile **5,636 sq. ft. commercial building** suitable for various business uses; Features a retail showroom and a spacious warehouse/machine shop
