Historic Downtown Retail
23 S College Street Macclenny, FL 32063
For Sale
$625,000
Centrally located retail building with five storefront spaces and reconfiguration potential into a single larger space.
Property Size5,000 SF
Price / SF$125
Days on Market118
Property Features for 23 S College Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
GW FLORIDA REAL ESTATE
(904) 868-8996
Listed By:
ASHLEY WILKINSON · License #3132539
(904) 868-8996
Source:
Bluekeypro
Added: Apr 3
Changed: Jul 26
Last Checked: Jul 29 at 12:41PM
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 GW FLORIDA REAL ESTATE
Investment Insights
Based on property information with market context.
Built circa 1940, this approximately 5,000-square-foot retail building is offered as an investment opportunity in historic downtown Macclenny. The property at 23 S College Street is comprised of five total retail spaces, with the option to rework the layout into a single larger retail space.
The building is centrally located, only one block from Highway 90. It is also positioned in Northeast Florida near Interstate 10, with Jacksonville and Lake City both within commuting distance as described in the remarks.
For buyers seeking flexibility, the current multi-space configuration supports multiple retail tenants, while the existing structure can be adapted to accommodate a consolidated use.
The building is centrally located, only one block from Highway 90. It is also positioned in Northeast Florida near Interstate 10, with Jacksonville and Lake City both within commuting distance as described in the remarks.
For buyers seeking flexibility, the current multi-space configuration supports multiple retail tenants, while the existing structure can be adapted to accommodate a consolidated use.
Key Highlights
- 5,000 SF retail building built c. 1940 in downtown Macclenny
- 5 total retail storefront spaces at 23 S College Street
- Possible reconfiguration from multiple storefronts into a single large space
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 | $90.0k | $18.00 |
| − Vacancy | −$9.3k | −$1.85 |
| EGI | $80.7k | $16.15 |
| − OpEx | −$24.2k | −$4.84 |
| NOI | $56.5k | $11.30 |
5,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,360 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Centrally located retail building with five storefront spaces and reconfiguration potential into a single larger space.
Where is this retail space located?
The property is located at 23 S College Street Macclenny, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 5,000 SF retail building built c. 1940 in downtown Macclenny; 5 total retail storefront spaces at 23 S College Street; Possible reconfiguration from multiple storefronts into a single large space
