Fenced Retail
306 S MAIN STREET, Chiefland, FL 32626
For Sale
$225,000
Configured for retail use with a covered canopy, paved parking, and cold-storage equipment.
Property Size1,288 SF
Price / SF$174.69
Days on Market53
Property Features for 306 S MAIN STREET
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Source:
Dennisrealty
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 6:44AM
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 COLDWELL BANKER M.M. PARRISH REALTORS
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Investment Insights
Based on property information with market context.
This 1,288-square-foot concrete-block storefront was built in 1960 and occupies a 0.34-acre parcel. The property is configured for retail use and includes a covered canopy, paved parking, full perimeter fencing, a walk-in cooler, and a walk-in freezer. A new 12-foot roll-up door supports receiving and access to the building.
The site offers approximately 120 feet of frontage along Main Street/US Highway 19 in Chiefland, providing exposure along a principal roadway. The existing improvements combine a functional retail layout with dedicated parking, cold-storage capability, and secured outdoor boundaries.
The site offers approximately 120 feet of frontage along Main Street/US Highway 19 in Chiefland, providing exposure along a principal roadway. The existing improvements combine a functional retail layout with dedicated parking, cold-storage capability, and secured outdoor boundaries.
Key Highlights
- 1,288‑square‑foot concrete‑block retail building on 0.34 acres
- Approximately 120 feet of frontage along Main Street/US Highway 19
- Walk‑in cooler and walk‑in freezer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,336
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,720
$306.7K
Cap Rate 7%
$219,086
$219.1K
Cap Rate 9%
$170,400
$170.4K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$21.6K $16.80/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$20.4K $15.88/SF
− OpEx
−$5.1K −$3.97/SF
NOI
$15.3K $11.91/SF
Area
Levy County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,720
Cap Rate 7%
$219,086
Cap Rate 9%
$170,400
Alternative Uses
Best Use
Specialty Retail
$219.1K
$191.7K – $255.6K
NOI $15,336 @ 7.0% cap · market cap 6.82%
Second Best
Retail
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$319.0K
$279.1K – $372.2K
NOI $22,331 @ 7.0% cap · market cap 9.92%
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
309
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 9%
Beauty & Spa 8%
Marathon
Shops & Services
4,411 visits/mo
0.3 miles
Citgo
Shops & Services
2,862 visits/mo
0.1 miles
City Electric Supply
Home Improvements & Furnishings
762 visits/mo
0.2 miles
Merle Norman Cosmetic Studio
Beauty & Spa
709 visits/mo
0.1 miles
Demographics for 32626, FL
8,620
Population
4,358
Households
2
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
243.6 sq mi
ZIP Area
35
Density / Sq Mi
$49,643
Median Household Income
$34,057
Median Earnings
$844
Median Rent
$160,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Sunshine 54 formally Silk Sunshine — 425 N Main St, Chiefland, FL 32626
- Florist — Chiefland, FL 32626
- Fernwood Flowers — 620 N Main St, Chiefland, FL 32626
Frequently Asked Questions
What type of property is this?
Storefront property - Configured for retail use with a covered canopy, paved parking, and cold-storage equipment.
Where is this storefront property located?
The property is located at 306 S MAIN STREET Chiefland, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,288‑square‑foot concrete‑block retail building on 0.34 acres; Approximately 120 feet of frontage along Main Street/US Highway 19; Walk‑in cooler and walk‑in freezer included
