Former Bank Office
350 N SUMMIT Street Crescent City, FL 32112
For Sale
$949,000
COMMERCIAL - Crescent City, FL
Property Size3,290 SF
Lot Size0.67 Acres
Price / SF$288.45
Days on Market238
Property Features for 350 N SUMMIT Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Standard status
Active
APN
191228175005400040
Size
3,290 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
24778
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1986
Flooring type
Carpet, Tile
Building materials
Frame, Stone
Listing Agency:
COLDWELL BANKER BEN BATES INC
(386) 328-6716
Listed By:
MARC SPALDING · License #0475517
(386) 328-6716
Added: Dec 3, 2025
Changed: Jul 27
Last Checked: Jul 29 at 3:06PM
MLS# 2120076
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This former bank building offers approximately 3,200+ square feet of space on about 0.67 acres and includes a lobby/teller area, multiple private offices, two drive-through lanes, and a secure built-in vault. The property is designed for a mix of front-facing customer flow and enclosed office use.
The building is located in downtown Crescent City and is described as a highly visible, high-traffic site. Access is available from two entrances.
Utilities include city water and sewer, with natural gas available. The property is listed for sale with zoning identified as GC-1 (General Commercial).
The building is located in downtown Crescent City and is described as a highly visible, high-traffic site. Access is available from two entrances.
Utilities include city water and sewer, with natural gas available. The property is listed for sale with zoning identified as GC-1 (General Commercial).
Key Highlights
- Former bank building with 3,200+ SF and frame/stone construction
- GC‑1 (General Commercial) zoning in downtown Crescent City
- Located on approximately 0.67 acres with parking lot
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 | $72.2k | $21.96 |
| − Vacancy | −$15.2k | −$4.61 |
| EGI | $57.1k | $17.35 |
| − OpEx | −$14.3k | −$4.34 |
| NOI | $42.8k | $13.01 |
3,290 SF · lease $21.96/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$611.5K
$535.1K – $713.5K
NOI $42,807 @ 7.0% cap · market cap 4.51%
Second Best
Specialty Retail
$521.3K
$456.1K – $608.2K
NOI $36,491 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$856.8K
$749.7K – $999.6K
NOI $59,976 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former bank building with lobby, private offices, drive-through lanes, and a built-in vault on two entrances.
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: Former bank building with 3,200+ SF and frame/stone construction; GC‑1 (General Commercial) zoning in downtown Crescent City; Located on approximately 0.67 acres with parking lot
