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Island Grove Retail/Restaurant Opportunity

21848 S County Road 325, Hawthorne, FL 32640

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For Sale

$499,000

Class A retail/restaurant space with high-end finishes and outdoor areas.

Property size:

2,440 SF

Lot size:

1.59 Acres

Price / SF:

$204/SF

HighLights

High‑visibility location on Highway 301, ensuring maximum exposure.
Class A space with high‑end finishes throughout.
Substantial space: 2,440 sq ft interior plus 2,352 sq ft of covered porches and outdoor areas.
Ample paved parking and scenic entrance off Hwy 301.
Fully‑equipped kitchen/break room and stylish counter/bar area with services.
BH Zoning in Alachua County allows for a wide range of business uses.

We can help!

Contact an agent

Sandon Wiechens

For Sale

$499,000

Class A retail/restaurant space with high-end finishes and outdoor areas.

Property size:

2,440 SF

Lot size:

1.59 Acres

Price / SF:

$204/SF

Added:: Jul 15, 2024
Days on Market:: 724
Last Refresh:: Jun 30 at 7:17 am

Property Features for 21848 S County Road 325

General Information

Standard status: Active
Size: 2,440 SF
Lot size: 1.59 Acres

We can help!

Contact an agent

Sandon Wiechens

Listing office wiechens realty inc

Listing date Jul 15, 2024

Source Exprealty

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 wiechens realty inc

HighLights

High‑visibility location on Highway 301, ensuring maximum exposure.
Class A space with high‑end finishes throughout.
Substantial space: 2,440 sq ft interior plus 2,352 sq ft of covered porches and outdoor areas.
Ample paved parking and scenic entrance off Hwy 301.
Fully‑equipped kitchen/break room and stylish counter/bar area with services.
BH Zoning in Alachua County allows for a wide range of business uses.

Overview

Located in Island Grove, Alachua County, this 2,440 square foot retail/restaurant space includes an additional 2,352 square feet of covered porches and expansive outdoor areas. The property is zoned BH, which allows for a wide range of uses in Alachua County. The Class A space features high-end finishes throughout. Ample paved areas and parking are available, with a scenic entrance off Hwy 301 via S County Rd 25. The interior features a spacious open area, private offices, storage rooms, a fully-equipped kitchen/break room, and a stylish counter/bar area with services. A large fireplace creates an inviting atmosphere. The property offers excellent exposure along Highway 301 and is conveniently positioned near Ocala, Gainesville, Jacksonville, and other surrounding areas, providing accessibility for locals and tourists. The 1.59-acre site includes a well and septic system. The property is suited for restaurant or retail use.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$41.0k	$16.80
− Vacancy	−$2.3k	−$0.92
EGI	$38.7k	$15.88
− OpEx	−$9.7k	−$3.97
NOI	$29.1k	$11.91

2,440 SF · lease $16.80/SF/yr · vacancy 5.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$415.0K

$363.2K – $484.2K (±1% cap)

NOI $29,053 @ 7.0% cap · market cap 5.82%

Second Best

Retail

$380.4K

$332.9K – $443.8K (±1% cap)

NOI $26,630 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$615.1K

$538.2K – $717.7K (±1% cap)

NOI $43,059 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Hawthorne
County: Alachua
State: Florida
Longitude: -82.1116
Latitude: 29.4537

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For sale
Restaurants
FL
Hawthorne
32640
21848 S County Road 325

What type of property is this?

Restaurant - Class A retail/restaurant space with high-end finishes and outdoor areas.

Where is this restaurant located?

The property is located at 21848 S County Road 325 Hawthorne, FL.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: High‑visibility location on Highway 301, ensuring maximum exposure.; Class A space with high‑end finishes throughout.; Substantial space: **2,440 sq ft interior plus 2,352 sq ft of covered porches and outdoor areas.**