Downtown Retail Storefront
For Sale
$180,000
117 NE 1ST STREET, Chiefland, FL 32626
Versatile downtown storefront building near Chiefland’s main commercial corridor with an open interior plan and parking nearby.
Property Size1,558 SF
Price / SF$137.40
Days on Market80
Property Features for 117 NE 1ST STREET
General Information
Standard status
Active
Size
1,558 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,442
Amenities
Bathrooms, Extra Storage, Fencing, Kitchen Facility, Outside Storage, Reception, Trash Removal
Sidewalks
Accessible Entrance, Accessible Common Area, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances
Central Air
Central
Refrigerator
Storage
Building Details
Building Size
1,558 SF
Year Built
1976
Listing Agency:
SWANZ PREMIER REALTY LLC
Listed By:
Swanzetta Battles
(352) 219-8503
Source:
Evrealestate
Added: Jul 20
Changed: Sep 26
Last Checked: Oct 7 at 12:54PM
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 SWANZ PREMIER REALTY LLC
Investment Insights
Based on property information with market context.
This versatile commercial building is positioned just steps from Chiefland’s main commercial corridor within the business district. The interior features an open floor plan with a reception area/foyer, supporting a range of retail, office, service-based, or specialty shop uses.
Access is supported by nearby major routes including US-19/98 and SR-129, and the property benefits from on-site and nearby parking options. The surrounding area is described as a walkable district with retail, dining, and professional services, along with steady local activity.
The property is offered for sale as a flexible storefront option in downtown Chiefland, with practical customer accessibility and a layout designed to accommodate multiple commercial operating styles.
Access is supported by nearby major routes including US-19/98 and SR-129, and the property benefits from on-site and nearby parking options. The surrounding area is described as a walkable district with retail, dining, and professional services, along with steady local activity.
The property is offered for sale as a flexible storefront option in downtown Chiefland, with practical customer accessibility and a layout designed to accommodate multiple commercial operating styles.
Key Highlights
- Commercial building built in 1976 in Chiefland’s business district near the main commercial corridor
- Flexible open interior layout with reception area/foyer for retail, office, service use, or specialty shop
- Easy access from major routes including US‑19/98 and SR‑129
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,890
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,800
$277.8K
Cap Rate 7%
$198,429
$198.4K
Cap Rate 9%
$154,333
$154.3K
Market Conditions
NOI Build-Up for 1,310 SF
Gross rent
$21.2K $16.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$19.8K $15.15/SF
− OpEx
−$6.0K −$4.54/SF
NOI
$13.9K $10.60/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,800
Cap Rate 7%
$198,429
Cap Rate 9%
$154,333
Alternative Uses
Best Use
Retail
$198.4K
$173.6K – $231.5K
NOI $13,890 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.5K
$283.9K – $378.5K
NOI $22,712 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 9%
Beauty & Spa 8%
Marathon
Shops & Services
4,411 visits/mo
0.5 miles
Citgo
Shops & Services
2,862 visits/mo
0.3 miles
City Electric Supply
Home Improvements & Furnishings
762 visits/mo
0.1 miles
Merle Norman Cosmetic Studio
Beauty & Spa
709 visits/mo
0.1 miles
Demographics for 32626, FL
8,620
Population
4,358
Households
2
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
243.6 sq mi
ZIP Area
35
Density / Sq Mi
$49,643
Median Household Income
$34,057
Median Earnings
$844
Median Rent
$160,900
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?
Storefront property - Versatile downtown storefront building near Chiefland’s main commercial corridor with an open interior plan and parking nearby.
Where is this storefront property located?
The property is located at 117 NE 1ST STREET Chiefland, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Commercial building built in 1976 in Chiefland’s business district near the main commercial corridor; Flexible open interior layout with reception area/foyer for retail, office, service use, or specialty shop; Easy access from major routes including US‑19/98 and SR‑129
