Commercial Building in Havana,
For Sale
$379,995
709 N Main Street, Havana, FL 32333
2,589 Sq. Ft. commercial building on 1/3 acre lot.
Property Size2,589 SF
Lot Size0.31 Acres
Price / SF$146.77
Days on Market890
Property Features for 709 N Main Street
General Information
Standard status
Active
Size
2,589 SF
Lot size
0.31 Acres
Property subtype
Commercial/Industrial
Listing Agency:
FlatFee.com
(954) 965-3990
Listed By:
Cliff Glansen · License #707077
Source:
Exitrealty
Added: Feb 22, 2024
Changed: Jul 10
Last Checked: Jul 30 at 8:18AM
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 FlatFee.com
Investment Insights
Based on property information with market context.
This 2,589 sq. ft. commercial building is located in Havana, Florida, situated on a 1/3 acre lot. The property is comprised of two units: one 1,589 sq. ft. space previously used as a laundromat, and an additional 1,000 sq. ft. unit suitable for a salon or other business. The entire building can be adapted for various commercial uses, including a restaurant or convenience store. The property is located on a major arterial, Hwy 27N, adjacent to Burger King and Havana City Hall. The zoning is qualified as disadvantage Enterprise.
Key Highlights
- Priced below market value, presenting a potential investment opportunity.
- 2,589 Sq. Ft. commercial building with flexible usage options.
- Located on a major arterial (Hwy 27N) with high visibility.
Financial Insights For 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 | $38.8k | $15.00 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $35.9k | $13.88 |
| − OpEx | −$10.8k | −$4.16 |
| NOI | $25.1k | $9.71 |
2,589 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$359.2K
$314.3K – $419.1K
NOI $25,146 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.7K
$555.4K – $740.5K
NOI $44,430 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 29%
Dining 17%
Harveys Supermarket
Groceries
10,905 visits/mo
0.4 miles
ARCO
Shops & Services
7,337 visits/mo
0.1 miles
Burger King
Dining
4,846 visits/mo
0.3 miles
Capital City Bank
Shops & Services
3,648 visits/mo
0.2 miles
Exxon
Shops & Services
3,432 visits/mo
0.4 miles
Demographics for 32333, FL
11,499
Population
5,162
Households
2.2
Avg Household Size
50
Median Age
33%
College-Educated
88%
High-School Grad
105.6 sq mi
ZIP Area
109
Density / Sq Mi
$56,968
Median Household Income
$39,092
Median Earnings
$917
Median Rent
$211,000
Median Home Value
Market
Properties on Market for Retail properties & Spaces in Gadsden County
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - 2,589 Sq. Ft. commercial building on 1/3 acre lot.
Where is this retail property located?
The property is located at 709 N Main Street Havana, FL.
What is the asking price?
The asking price for this property is $379,995.
What are key features of this property?
This property features: Priced below market value, presenting a potential investment opportunity.; 2,589 Sq. Ft. commercial building with flexible usage options.; Located on a major arterial (Hwy 27N) with high visibility.
