Mixed-Use Property with
For Sale
$1,250,000
1148 Co Rd 309 1 # 1, Crescent City, FL 32112
Restaurant facilities, a separate liquor retail building, and frontage on two county roads anchor this commercial property.
Property Size3,205 SF
Price / SF$390.02
Days on Market15
Property Features for 1148 Co Rd 309 1 # 1
General Information
Standard status
Active
Size
3,205 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$4,040
Amenities
Yes
No
Flag Lot
Private
5.75
Off Street,Parking Lot
County Road
Building Details
Year Built
1973
Listing Agency:
TIMBER TO TIDES REALTY LLC
(386) 937-1471
Listed By:
ANDREW REED MATHEWS · License #3384627
Source:
Heymannwilliams
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 4 at 7:38AM
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 TIMBER TO TIDES REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 5.75 acres, this 3,205-square-foot mixed-use property includes a restaurant and a detached building for retail liquor sales. The restaurant has a dining room, bar, and commercial kitchen equipped with a pizza oven, walk-in coolers and freezers, exhaust hoods, fryers, flat-tops, conventional ovens, prep stations, and dishwashing facilities. Front-of-house furnishings and POS systems are also included. A 5COP quota liquor license is part of the offering. The site is zoned Commercial and was built in 1973.
The property has access and frontage along County Road 309 and County Road 308, near the St. Johns River in the Welaka/Fruitland area. Its cleared parking area connects with the two road entrances. The restaurant and separate retail building provide distinct spaces for food service and package liquor sales.
The property has access and frontage along County Road 309 and County Road 308, near the St. Johns River in the Welaka/Fruitland area. Its cleared parking area connects with the two road entrances. The restaurant and separate retail building provide distinct spaces for food service and package liquor sales.
Key Highlights
- 5.75‑acre property with access and frontage on CR 309 and CR 308
- 3,205‑square‑foot property with a restaurant and detached liquor retail building
- 5COP quota liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,549
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,980
$711.0K
Cap Rate 7%
$507,843
$507.8K
Cap Rate 9%
$394,989
$395.0K
Market Conditions
NOI Build-Up for 3,205 SF
Gross rent
$50.0K $15.60/SF
− Vacancy
−$2.6K −$0.81/SF
EGI
$47.4K $14.79/SF
− OpEx
−$11.8K −$3.70/SF
NOI
$35.5K $11.09/SF
Area
Putnam County, FL
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,980
Cap Rate 7%
$507,843
Cap Rate 9%
$394,989
Alternative Uses
Best Use
Specialty Retail
$507.8K
$444.4K – $592.5K
NOI $35,549 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$461.4K
$403.7K – $538.3K
NOI $32,297 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$834.7K
$730.3K – $973.8K
NOI $58,427 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 32112, FL
7,460
Population
3,866
Households
1.9
Avg Household Size
45
Median Age
10%
College-Educated
69%
High-School Grad
51.5 sq mi
ZIP Area
145
Density / Sq Mi
$39,247
Median Household Income
$27,238
Median Earnings
$743
Median Rent
$150,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant facilities, a separate liquor retail building, and frontage on two county roads anchor this commercial property.
Where is this mixed-use property located?
The property is located at 1148 Co Rd 309 1 # 1 Crescent City, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5.75‑acre property with access and frontage on CR 309 and CR 308; 3,205‑square‑foot property with a restaurant and detached liquor retail building; 5COP quota liquor license included
