Former Bank Building with
350 N Summit Street Crescent City, FL 32112
For Sale
$949,000
Former bank building in GC-1 zoning featuring a lobby, private offices, two drive-through lanes, and a built-in vault.
Property Size3,200 SF
Lot Size0.67 Acres
Price / SF$296.56
Days on Market239
Property Features for 350 N Summit Street
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.67 Acres
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
COLDWELL BANKER BEN BATES INC
(386) 328-6716
Listed By:
MARC SPALDING · License #0475517
(386) 328-6716
Source:
Bluekeypro
Added: Dec 3, 2025
Changed: Jul 29
Last Checked: Jul 29 at 9:15PM
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 BEN BATES INC
Investment Insights
Based on property information with market context.
Former bank building offering approximately 3,200+ SF of flexible commercial space on approximately 0.67 acres, built in 1986. The interior layout includes a lobby/teller area, multiple private offices, two drive-through lanes, and a secure built-in vault.
The property is located at 350 N Summit Street in downtown Crescent City, in a highly visible, high-traffic area. Access is available from two entrances.
Utilities include city water and sewer, and natural gas is available. Zoned GC-1 (General Commercial), the building’s combination of front-of-house space, office rooms, and drive-through access supports a variety of commercial uses.
The property is located at 350 N Summit Street in downtown Crescent City, in a highly visible, high-traffic area. Access is available from two entrances.
Utilities include city water and sewer, and natural gas is available. Zoned GC-1 (General Commercial), the building’s combination of front-of-house space, office rooms, and drive-through access supports a variety of commercial uses.
Key Highlights
- Approximately 3,200+ SF former bank building
- Approximately 0.67 acres
- GC‑1 (General Commercial) zoning
Financial Insights For Office B
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 | $70.3k | $21.96 |
| − Vacancy | −$14.8k | −$4.61 |
| EGI | $55.5k | $17.35 |
| − OpEx | −$13.9k | −$4.34 |
| NOI | $41.6k | $13.01 |
3,200 SF · lease $21.96/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$594.8K
$520.5K – $693.9K
NOI $41,636 @ 7.0% cap · market cap 4.39%
Second Best
Specialty Retail
$507.0K
$443.7K – $591.6K
NOI $35,493 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$833.4K
$729.2K – $972.3K
NOI $58,336 @ 7.0% cap · market cap 6.15%
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?
Bank - Former bank building in GC-1 zoning featuring a lobby, private offices, two drive-through lanes, and a built-in vault.
Where is this bank located?
The property is located at 350 N Summit Street Crescent City, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Approximately 3,200+ SF former bank building; Approximately 0.67 acres; GC‑1 (General Commercial) zoning
