Remodeled Restaurant Building with Commercial
115 NW 1ST STREET Trenton, FL 32693
For Sale
$699,900
Heated-and-cooled restaurant building with a commercial kitchen, remodeled interior, and on-site parking for guests and staff.
Property Size3,672 SF
Price / SF$190.60
Days on Market138
Property Features for 115 NW 1ST STREET
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
PRISTINE PROPERTIES TRENTON
(352) 233-8484
Listed By:
David Padot, Jr
(352) 233-8484
Source:
Mbifloridarealty
Added: Mar 14
Changed: Jul 29
Last Checked: Jul 29 at 1:17PM
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 remodeled restaurant building is heated and cooled and features a thoughtfully arranged interior with expansive dining areas and an accompanying commercial kitchen designed to support day-to-day service. The building also includes a large front porch and an additional covered outdoor area that can support dining overflow or special events.
The property is prominently positioned on State Road 26 in Trenton, described as a corner location with strong visibility and accessibility for both local and traveling patrons. An address at 115 NW 1ST STREET, Trenton, FL 32693 is provided, along with the context that the location is about 30 minutes west of Gainesville.
Built in 1920, the offering provides a combination of character and functional restaurant space, including ample on-site parking to support customer convenience.
The property is prominently positioned on State Road 26 in Trenton, described as a corner location with strong visibility and accessibility for both local and traveling patrons. An address at 115 NW 1ST STREET, Trenton, FL 32693 is provided, along with the context that the location is about 30 minutes west of Gainesville.
Built in 1920, the offering provides a combination of character and functional restaurant space, including ample on-site parking to support customer convenience.
Key Highlights
- 3,672 SF heated‑and‑cooled restaurant building
- Commercial kitchen for restaurant operations
- Remodeled interior with expansive dining areas
Financial Insights For Specialty Retail
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 | $61.7k | $16.80 |
| − Vacancy | −$3.4k | −$0.92 |
| EGI | $58.3k | $15.88 |
| − OpEx | −$14.6k | −$3.97 |
| NOI | $43.7k | $11.91 |
3,672 SF · lease $16.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$624.6K
$546.5K – $728.7K
NOI $43,723 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$355.8K
$311.3K – $415.1K
NOI $24,907 @ 7.0% cap · market cap 3.56%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Heated-and-cooled restaurant building with a commercial kitchen, remodeled interior, and on-site parking for guests and staff.
Where is this conventional restaurant located?
The property is located at 115 NW 1ST STREET 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: 3,672 SF heated‑and‑cooled restaurant building; Commercial kitchen for restaurant operations; Remodeled interior with expansive dining areas
