Historic Office
For Sale
$455,000
322 E PARK Avenue, Chiefland, FL 32626
Commercial Sale, CHIEFLAND, FL
Property Size2,481 SF
Lot Size0.64 Acres
Price / SF$183.39
Days on Market15
Property Features for 322 E PARK Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GC
Subdivision
CHIEFLAND
Lot features
Corner Lot, Paved
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
06935-000-00
Size
2,481 SF
Lot size
0.64 Acres
Additional Details
Property Use
Office
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
brick fireplaces
stained glass entry doors
interior French doors
central HVAC
columned front porch
Building Details
Year built
1920
Number of units
1
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick, Cedar
Roof type
Shingle
Buildings
2
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #BK3123414
(352) 400-2635
Added: Oct 22
Changed: Nov 5
Last Checked: Nov 5 at 9:06PM
MLS# OM734443
Copyright © 2026 Stellar MLS. 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 property at 322 E Park Avenue has 10 private offices, a flex room, shared common area, foyer, kitchenette and 3 bathrooms. Interior details include heart pine flooring, beadboard ceilings, crown molding, two brick fireplaces, stained-glass entry doors and interior French doors. Central HVAC serves the building, which also has a columned front porch. The 0.64-acre parcel is zoned GC.
The property occupies a corner in downtown Chiefland, at East Park Avenue and NE 4th Street, one block from Main Street and the Chief Theatre. Approximately 4,000 square feet of paved parking accommodates 15+ vehicles. A detached 240-square-foot storage building is also on site.
Two open, level lots immediately east of the building are included. Additional parking, office expansion or future development may be considered subject to governmental approvals.
The property occupies a corner in downtown Chiefland, at East Park Avenue and NE 4th Street, one block from Main Street and the Chief Theatre. Approximately 4,000 square feet of paved parking accommodates 15+ vehicles. A detached 240-square-foot storage building is also on site.
Two open, level lots immediately east of the building are included. Additional parking, office expansion or future development may be considered subject to governmental approvals.
Key Highlights
- 1920‑built office building with 2,481 square feet on 0.64 acres
- 10 private offices, a flex room, common area, foyer, kitchenette and 3 bathrooms
- Approximately 4,000 SF 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 office pairs a multi-room layout with substantial on-site parking and two adjoining open lots.
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 0.64 acres; 10 private offices, a flex room, common area, foyer, kitchenette and 3 bathrooms; Approximately 4,000 SF of paved parking accommodates 15+ vehicles
