Historic Office
New
For Sale
$455,000
322 E Park Avenue, Chiefland, FL 32626
CommercialSale, Chiefland, FL
Property Size2,481 SF
Lot Size0.64 Acres
Price / SF$183.39
Days on Market1
Property Features for 322 E Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GC
Parking
15
Parking features
Parking Lot
Subdivision
Not on List
Lot features
Cleared, Corner Lot, Flat
Directions
From downtown Chiefland head south-east on N Young Blvd for 0.3 miles and take a right on to NE 4th Street for 0.3 miles and you should reach your destination on the right side of the street.
Standard status
Active
APN
0693500000
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36-11-14 CHIEFLAND BLK 4 LOTS 5 6 7 & 8 OR BOOK 910 PAGE 787 & OR BOOK 1333 PAGE 655
Tax Annual Amount
3336
Legal Description
36-11-14 CHIEFLAND BLK 4 LOTS 5 6 7 & 8 OR BOOK 910 PAGE 787 & OR BOOK 1333 PAGE 655
Utilities
Cooling system
Central Air
Water source
Public
Amenities
original heart pine floors
beadboard ceilings
crown molding
two brick fireplaces
stained glass entry doors
interior French doors
central HVAC
columned front porch
kitchenette
Building Details
Year built
1920
Floors in Building
1
Flooring type
Tile, Wood, Carpet
Building materials
Brick, Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Added: Oct 22
Last Checked: Oct 22 at 7:06PM
MLS# 858746
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,481-square-foot office building occupies a 0.64-acre corner parcel at East Park Avenue and NE 4th Street. Its layout includes 10 private offices, a flex room, shared common area, foyer, kitchenette and three bathrooms. Heart pine flooring, beadboard ceilings, crown molding, two brick fireplaces, stained-glass entry doors and interior French doors retain the building’s period character; central HVAC serves the space. A columned front porch faces the street, and a detached 240-square-foot storage building adds separate utility space.
The property is in downtown Chiefland, one block from the Chief Theatre and Main Street. About 4,000 square feet of paved parking accommodates 15 or more vehicles. Two open, level lots lie immediately east of the building and may support additional parking, office expansion or future development, subject to governmental approvals. The property is zoned GC and is currently used as a professional office.
The property is in downtown Chiefland, one block from the Chief Theatre and Main Street. About 4,000 square feet of paved parking accommodates 15 or more vehicles. Two open, level lots lie immediately east of the building and may support additional parking, office expansion or future development, subject to governmental approvals. The property is zoned GC and is currently used as a professional office.
Key Highlights
- 1920‑built office building with 2,481 square feet on a 0.64‑acre corner parcel
- Interior includes 10 private offices, a flex room, common area, foyer, kitchenette and 3 bathrooms
- Approximately 4,000 square feet of paved parking accommodates 15+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,948
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,960
$619.0K
Cap Rate 7%
$442,114
$442.1K
Cap Rate 9%
$343,867
$343.9K
Market Conditions
NOI Build-Up for 2,481 SF
Gross rent
$49.1K $19.80/SF
− Vacancy
−$7.9K −$3.17/SF
EGI
$41.3K $16.63/SF
− OpEx
−$10.3K −$4.16/SF
NOI
$30.9K $12.47/SF
Area
Levy County, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,960
Cap Rate 7%
$442,114
Cap Rate 9%
$343,867
Alternative Uses
Best Use
Office B
$442.1K
$386.9K – $515.8K
NOI $30,948 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,015 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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Business Placement
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A downtown professional workspace pairs a multi-room interior with on-site parking and two open lots to the east.
Where is this office building located?
The property is located at 322 E Park Avenue Chiefland, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1920‑built office building with 2,481 square feet on a 0.64‑acre corner parcel; Interior includes 10 private offices, a flex room, common area, foyer, kitchenette and 3 bathrooms; Approximately 4,000 square feet of paved parking accommodates 15+ vehicles
