Highway-Frontage Warehouse
For Sale
$2,000,000
5616 SE US HIGHWAY 301, Hawthorne, FL 32640
Two-building commercial property with a fenced site and direct US Highway 301 frontage.
Property Size7,646 SF
Days on Market47
Property Features for 5616 SE US HIGHWAY 301
General Information
Standard status
Active
Size
7,646 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,407
Building Details
Building Size
7,646 SF
Year Built
1968
Units
2
Listing Agency:
C.B. Isaac Realty
Listed By:
NAOMI JANACE ARMISTEAD · License #611248
(352) 478-6282
Source:
Elliman
Added: Sep 18
Changed: Oct 30
Last Checked: Nov 1 at 7:55AM
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 C.B. Isaac Realty
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Investment Insights
Based on property information with market context.
This warehouse property includes two commercial buildings on an approximately 1.72-acre site. The front building contains approximately 2,896 square feet, while the rear metal warehouse and shop provides 4,950 square feet. Chain-link fencing encloses the property, and the sale includes both buildings and the underlying land. Inventory is excluded from the sale but may be negotiated separately.
The property is positioned along US Highway 301 at 5616 SE US Highway 301 in Hawthorne, Florida, with approximately 329 feet of paved road frontage. A stoplight is expected to be installed in front of the property and the nearby Love's Truck Stop. The site records a Walk Score of 51 and a Bike Score of 60.
The property is positioned along US Highway 301 at 5616 SE US Highway 301 in Hawthorne, Florida, with approximately 329 feet of paved road frontage. A stoplight is expected to be installed in front of the property and the nearby Love's Truck Stop. The site records a Walk Score of 51 and a Bike Score of 60.
Key Highlights
- Approximately 1.72 acres along US Highway 301
- Approximately 329 ft of paved road frontage
- Front commercial building measures approximately 2,896 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,449
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,980
$1.7M
Cap Rate 7%
$1,192,129
$1.2M
Cap Rate 9%
$927,211
$927.2K
Market Conditions
NOI Build-Up for 7,646 SF
Gross rent
$130.3K $17.04/SF
− Vacancy
−$11.1K −$1.45/SF
EGI
$119.2K $15.59/SF
− OpEx
−$35.8K −$4.68/SF
NOI
$83.4K $10.91/SF
Area
Alachua County, FL
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,980
Cap Rate 7%
$1,192,129
Cap Rate 9%
$927,211
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,449 @ 7.0% cap · market cap 4.17%
Second Best
Warehouse
$798.0K
$698.3K – $931.0K
NOI $55,860 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,930 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 32640, FL
10,281
Population
5,353
Households
1.9
Avg Household Size
51
Median Age
14%
College-Educated
84%
High-School Grad
187.7 sq mi
ZIP Area
55
Density / Sq Mi
$58,727
Median Household Income
$35,833
Median Earnings
$959
Median Rent
$153,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- SunCo Storage- Hawthorne — 20820 SE Hawthorne Rd, Hawthorne, FL 32640
- Hawthorne Self Storage — 22020 SE 62 Ln, Hawthorne, FL 32640
Frequently Asked Questions
What type of property is this?
Warehouse - Two-building commercial property with a fenced site and direct US Highway 301 frontage.
Where is this warehouse located?
The property is located at 5616 SE US HIGHWAY 301 Hawthorne, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 1.72 acres along US Highway 301; Approximately 329 ft of paved road frontage; Front commercial building measures approximately 2,896 sq. ft.
