Historic District Storefront
306 CENTRAL Avenue, Crescent City, FL 32112
For Sale
New
$319,000
The property fronts Central Avenue in Crescent City's Historic District and can be seen from US Hwy 17.
Property Size2,284 SF
Lot Size0.13 Acres
Price / SF$139.67
Days on Market5
Property Features for 306 CENTRAL Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
ST JOHNS REALTY AND MANAGEMENT LLC
Listed By:
AMY HEATH · License #3136549
(386) 698-1000
Source:
Endlesssummerrealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:49AM
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 ST JOHNS REALTY AND MANAGEMENT LLC
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Investment Insights
Based on property information with market context.
This storefront property contains approximately 2,280 square feet on a 0.13-acre parcel. Its exterior includes a striped awning, colorful accents, and exterior lighting. A metal roof was installed in 2022, and the property is zoned GC-1; the owner opted out of CBD zoning.
The building is on Central Avenue in Crescent City's Historic District, with visibility from US Hwy 17. Built in 1900, it has served several commercial occupants over time, including clothing, electronics, salon, and office-supply businesses. King's Office Supply and Printing Company is moving to another warehouse owned by the family and plans to continue operating through route sales and mobile orders.
The building is on Central Avenue in Crescent City's Historic District, with visibility from US Hwy 17. Built in 1900, it has served several commercial occupants over time, including clothing, electronics, salon, and office-supply businesses. King's Office Supply and Printing Company is moving to another warehouse owned by the family and plans to continue operating through route sales and mobile orders.
Key Highlights
- Approximately 2,280 square feet on 0.13 acre
- Metal roof installed in 2022
- GC‑1 zoning; owner opted out of CBD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,016
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,320
$460.3K
Cap Rate 7%
$328,800
$328.8K
Cap Rate 9%
$255,733
$255.7K
Market Conditions
NOI Build-Up for 2,284 SF
Gross rent
$36.5K $15.96/SF
− Vacancy
−$3.6K −$1.56/SF
EGI
$32.9K $14.40/SF
− OpEx
−$9.9K −$4.32/SF
NOI
$23.0K $10.08/SF
Area
Putnam County, FL
Vacancy
9.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,320
Cap Rate 7%
$328,800
Cap Rate 9%
$255,733
Alternative Uses
Best Use
Retail
$328.8K
$287.7K – $383.6K
NOI $23,016 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.8K
$520.5K – $694.0K
NOI $41,637 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 36%
Home Improvements & Furnishings 10%
Circle K
Shops & Services
10,076 visits/mo
0.4 miles
Domino's Pizza
Dining
4,757 visits/mo
0.4 miles
SUBWAY
Dining
3,980 visits/mo
0.4 miles
AutoZone
Shops & Services
2,848 visits/mo
0.4 miles
Producers Hardware Co
Home Improvements & Furnishings
2,443 visits/mo
0.1 miles
Demographics for 32112, FL
7,460
Population
3,866
Households
1.9
Avg Household Size
45
Median Age
10%
College-Educated
69%
High-School Grad
51.5 sq mi
ZIP Area
145
Density / Sq Mi
$39,247
Median Household Income
$27,238
Median Earnings
$743
Median Rent
$150,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Crescent City Flower Shop — 317 Summit St, Crescent City, FL 32112
Frequently Asked Questions
What type of property is this?
Storefront property - The property fronts Central Avenue in Crescent City's Historic District and can be seen from US Hwy 17.
Where is this storefront property located?
The property is located at 306 CENTRAL Avenue Crescent City, FL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Approximately 2,280 square feet on 0.13 acre; Metal roof installed in 2022; GC‑1 zoning; owner opted out of CBD zoning
