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Established Floral Business and Real Estate

190 E Dogwood Street, Monticello, FL 32344

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For Sale

$374,900

Downtown Monticello floral business and real estate for sale.

Type:Retail

Property size:

2,306 SF

Price / SF:

$162/SF

HighLights

Established floral business (Gellings Floral Design) with a nearly 100‑year history.
Prime downtown location at the corner of Dogwood and Cherry Streets.
Sale includes real estate: showroom, design area, reception area, walk‑in coolers, and storage.
Includes a 2006 Chevy Express Van.
Existing book of business included in the sale.
Central air conditioning.

We can help!

Listing Contact

Barry Kelly

For Sale

$374,900

Downtown Monticello floral business and real estate for sale.

Type:Retail

Property size:

2,306 SF

Price / SF:

$162/SF

Added:: Nov 28, 2021
Days on Market:: 1658
Last Refresh:: May 12 at 8:51 pm

Property Features for 190 E Dogwood Street

General Information

Standard status: Active
Size: 2,306 SF
Property subtype: Retail

We can help!

Listing Contact

Barry Kelly

Listing agent Barry Kelly

Listing office Kelly & Kelly Properties, Inc

Listing date Nov 28, 2021

Source Xome

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 Kelly & Kelly Properties, Inc

HighLights

Established floral business (Gellings Floral Design) with a nearly 100‑year history.
Prime downtown location at the corner of Dogwood and Cherry Streets.
Sale includes real estate: showroom, design area, reception area, walk‑in coolers, and storage.
Includes a 2006 Chevy Express Van.
Existing book of business included in the sale.
Central air conditioning.

Overview

Located in downtown Monticello, this property includes real estate and an established floral design business that has been serving the Monticello/Jefferson County area since 1934. The real estate features a showroom with display coolers, high ceilings, a design area, and a reception area. It also includes walk-in coolers and additional storage space. The business sale includes a 2006 Chevy Express Van and the existing book of business. The property is located on the corner of Dogwood and Cherry Streets in downtown Monticello and has a size of 2306 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.6k	$15.00
− Vacancy	−$2.6k	−$1.13
EGI	$32.0k	$13.88
− OpEx	−$9.6k	−$4.16
NOI	$22.4k	$9.71

2,306 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$320.0K

$280.0K – $373.3K (±1% cap)

NOI $22,397 @ 7.0% cap · market cap 5.97%

Second Best

—

no second resolved use

Theoretical Best

Office A

$565.3K

$494.7K – $659.6K (±1% cap)

NOI $39,573 @ 7.0% cap · market cap 10.56%

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

Property Profile Location Intelligence

Current Use by Public Records

Gelling’s Florist (Bike/Boat/Book/etc) Store

Suggested Use

Similar Places Nearby

Gelling’s Florist — 190 E Dogwood St, Monticello, FL 32344

Location Insight

Map
Local Demand

City: Monticello
County: Jefferson
State: Florida
Longitude: -83.869461
Latitude: 30.5460112

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For sale
Storefront properties
FL
Monticello
32344
190 E Dogwood Street

What type of property is this?

Storefront property - Downtown Monticello floral business and real estate for sale.

Where is this storefront property located?

The property is located at 190 E Dogwood Street Monticello, FL.

What is the asking price?

The asking price for this property is $374,900.

What are key features of this property?

This property features: Established floral business (Gellings Floral Design) with a nearly 100‑year history.; Prime downtown location at the corner of Dogwood and Cherry Streets.; Sale includes real estate: showroom, design area, reception area, walk‑in coolers, and storage.