Retail Feed Store with Drive-Through
535 COLLEGE Drive Middleburg, FL 32068
For Sale
$330,900
COMMERCIAL - Middleburg, FL
Property Size1,328 SF
Lot Size0.34 Acres
Price / SF$249.17
Days on Market187
Property Features for 535 COLLEGE Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Off Street, Parking Lot
Standard status
Active
APN
35042500826100100
Size
1,328 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2865
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Water source
Private, Well
Building Details
Year built
1951
Floors in Building
1
Flooring type
Wood
Building materials
Vinyl Siding, Wood Siding
Roof type
Metal, Composition
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 269-7117
Listed By:
HENRY HAMMOND, JR · License #3336763
(904) 806-1218
Added: Jan 23
Changed: Jul 28
Last Checked: Jul 29 at 2:06AM
MLS# 2126748
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 property is an existing retail feed store building being offered in as-is condition. The owner is retiring, and the building will require renovations to reach a tenant-ready state, though it is described as functional. The site includes a 0.34-acre lot and is well suited for a business that can benefit from straightforward customer access and storefront retail operations, with discussion of potential drive-through concepts contingent on redevelopment.
Located at 535 College Drive in Middleburg, Florida, the property is positioned close to a major intersection and is described as having great ingress and egress. The listing notes convenient site access and traffic-adjacent placement for a retail tenant serving local customers.
The property is zoned BA (Neighborhood Business). It may fit users looking to take over an operating feed store or investors and developers seeking a redevelopment site with a retail footprint. The combination of a functioning existing structure and a location with access advantages provides a practical foundation for an operator planning renovations and adapting the space to a new retail format, including possible drive-through use with proper redevelopment.
Located at 535 College Drive in Middleburg, Florida, the property is positioned close to a major intersection and is described as having great ingress and egress. The listing notes convenient site access and traffic-adjacent placement for a retail tenant serving local customers.
The property is zoned BA (Neighborhood Business). It may fit users looking to take over an operating feed store or investors and developers seeking a redevelopment site with a retail footprint. The combination of a functioning existing structure and a location with access advantages provides a practical foundation for an operator planning renovations and adapting the space to a new retail format, including possible drive-through use with proper redevelopment.
Key Highlights
- Zoned BA (Neighborhood Business), offering redevelopment or business‑use potential
- Existing feed store has been operating for over 25 years; owner is retiring
- Building year built: 1951; functional but needs renovations
Financial Insights For Specialty Retail
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 | $23.9k | $18.00 |
| − Vacancy | −$2.5k | −$1.85 |
| EGI | $21.4k | $16.15 |
| − OpEx | −$5.4k | −$4.04 |
| NOI | $16.1k | $12.11 |
1,328 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$214.4K
$187.6K – $250.2K
NOI $15,009 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 7.49%
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?
Storefront property - Functional retail building on a well-accessed lot, offered for redevelopment or continuation as a feed store.
Where is this storefront property located?
The property is located at 535 COLLEGE Drive Middleburg, FL.
What is the asking price?
The asking price for this property is $330,900.
What are key features of this property?
This property features: Zoned BA (Neighborhood Business), offering redevelopment or business‑use potential; Existing feed store has been operating for over 25 years; owner is retiring; Building year built: 1951; functional but needs renovations
