Corner Retail Property with
For Sale
Contact for pricing
20371 E Mckinney Ave, Dunnellon, FL 34432
Two-lot, zoned B3 corner retail property with frontage on US 41 and E. McKinney Ave plus rear parking access.
Property Size3,306 SF
Lot Size0.34 Acres
Price / SF$181.43
Days on Market80
Property Features for 20371 E Mckinney Ave
General Information
Standard status
Active
Size
3,306 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Zoning
B3
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Listing Agency:
BHGRE Commercial - Thomas Group
(352) 538-4453
Listed By:
John Thomas · License #0684142
Source:
Moodyscre
Added: May 12
Changed: Jul 29
Last Checked: Jul 30 at 7:53AM
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 BHGRE Commercial - Thomas Group
Investment Insights
Based on property information with market context.
This for-sale corner retail property consists of two lots totaling 0.34 acres, built out with two storefront structures on the site. The property is zoned B3 commercial and is described as offering the potential for a drive-through, with rear parking access behind both structures.
The site is positioned in downtown Dunnellon near Rainbow Springs, with visibility and traffic exposure along US 41 (Williams St) and E. McKinney Ave. The surrounding area includes established anchors such as a gas station, bank, medical office, Walmart Supercenter, and Publix, supporting a retail-oriented environment.
With its corner placement, B3 zoning, and on-site parking access behind the buildings, the property can support a wide range of commercial uses consistent with the zoning allowances provided.
The site is positioned in downtown Dunnellon near Rainbow Springs, with visibility and traffic exposure along US 41 (Williams St) and E. McKinney Ave. The surrounding area includes established anchors such as a gas station, bank, medical office, Walmart Supercenter, and Publix, supporting a retail-oriented environment.
With its corner placement, B3 zoning, and on-site parking access behind the buildings, the property can support a wide range of commercial uses consistent with the zoning allowances provided.
Key Highlights
- Corner retail property in downtown Dunnellon with frontage on US 41 (Williams St) and E. McKinney Ave.
- 4‑lane highway exposure with high traffic exposure and strong visibility along US 41 and E. McKinney Ave.
- Zoned B3 commercial on 0.34 acres across two lots, allowing for a wide range of uses.
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 | $49.6k | $15.00 |
| − Vacancy | −$4.2k | −$1.28 |
| EGI | $45.4k | $13.73 |
| − OpEx | −$13.6k | −$4.12 |
| NOI | $31.8k | $9.61 |
3,306 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$453.7K
$397.0K – $529.4K
NOI $31,762 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$742.9K
$650.0K – $866.7K
NOI $52,000 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
130k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Groceries 29%
Dining 27%
Home Improvements & Furnishings 7%
Publix
Groceries
36,800 visits/mo
0.5 miles
Taco Bell
Dining
12,129 visits/mo
0.3 miles
Ellianos Coffee
Dining
8,465 visits/mo
0.3 miles
Mobil
Shops & Services
8,420 visits/mo
0.2 miles
Hardee's
Dining
8,052 visits/mo
0.3 miles
Demographics for 34432, FL
13,159
Population
6,899
Households
1.9
Avg Household Size
58
Median Age
20%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
125
Density / Sq Mi
$47,711
Median Household Income
$30,240
Median Earnings
$1,077
Median Rent
$223,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-lot, zoned B3 corner retail property with frontage on US 41 and E. McKinney Ave plus rear parking access.
Where is this storefront property located?
The property is located at 20371 E Mckinney Ave Dunnellon, FL.
What is the asking price?
The asking price for this property is $599,800.
What are key features of this property?
This property features: Corner retail property in downtown Dunnellon with frontage on US 41 (Williams St) and E. McKinney Ave.; 4‑lane highway exposure with high traffic exposure and strong visibility along US 41 and E. McKinney Ave.; Zoned B3 commercial on 0.34 acres across two lots, allowing for a wide range of uses.
