Restaurant Building on State
For Sale
$699,900
115 NW 1ST St, Trenton, FL 32693
3,672 SF restaurant in Trenton, Florida, for sale.
Property Size3,672 SF
Lot Size0.46 Acres
Price / SF$190.60
Days on Market198
Property Features for 115 NW 1ST St
General Information
Standard status
Active
Size
3,672 SF
Lot size
0.46 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,343
Building Details
Building Size
3,672 SF
Year Built
1920
Stories
1
Listing Agency:
PRISTINE PROPERTIES TRENTON
Listed By:
David Padot, Jr · License #3052280
(352) 233-8484
Source:
Elliman
Added: Mar 24
Changed: Aug 17
Last Checked: Aug 25 at 5:51AM
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 PRISTINE PROPERTIES TRENTON
Investment Insights
Based on property information with market context.
This 3,672 square foot heated and cooled restaurant building is located on the high-traffic corridor of State Road 26 in Trenton, offering high visibility and accessibility. The building's architecture exudes a warm, hometown feel. The thoughtfully designed layout offers an effortless flow between expansive dining areas. The space has been tastefully remodeled with attention to detail, blending functionality with aesthetic appeal. It features a spacious commercial kitchen ready to support high-volume service, along with a large front porch. An additional covered outdoor area provides the perfect setting for live music, special events, or expanded dining. Ample on-site parking ensures convenience for patrons, while the prime corner location maximizes exposure. Positioned just 30 minutes west of Gainesville, Trenton continues to attract growth thanks to its lower tax base, small-town charm, and close proximity to the region’s renowned rivers, springs, and outdoor recreation. This property is ideal for restaurateurs, investors, or entrepreneurs looking to establish or expand in a high-demand area.
Key Highlights
- High‑traffic location on State Road 26 with exceptional visibility and accessibility.
- Spacious 3,672 sq ft heated and cooled restaurant building with thoughtfully designed layout.
- Fully equipped commercial kitchen ready for high‑volume service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,723
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,460
$874.5K
Cap Rate 7%
$624,614
$624.6K
Cap Rate 9%
$485,811
$485.8K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$61.7K $16.80/SF
− Vacancy
−$3.4K −$0.92/SF
EGI
$58.3K $15.88/SF
− OpEx
−$14.6K −$3.97/SF
NOI
$43.7K $11.91/SF
Area
Gilchrist County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,460
Cap Rate 7%
$624,614
Cap Rate 9%
$485,811
Alternative Uses
Best Use
Specialty Retail
$624.6K
$546.5K – $728.7K
NOI $43,723 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$909.5K
$795.8K – $1.06M
NOI $63,664 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32693, FL
12,815
Population
4,908
Households
2.6
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
200.7 sq mi
ZIP Area
64
Density / Sq Mi
$64,128
Median Household Income
$36,361
Median Earnings
$919
Median Rent
$182,300
Median Home Value
Check the figures for this property
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?
Conventional restaurant - 3,672 SF restaurant in Trenton, Florida, for sale.
Where is this conventional restaurant located?
The property is located at 115 NW 1ST St Trenton, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High‑traffic location on State Road 26 with exceptional visibility and accessibility.; Spacious 3,672 sq ft heated and cooled restaurant building with thoughtfully designed layout.; Fully equipped commercial kitchen ready for high‑volume service.
