Retail Property With Corner
6005 HIGHWAY 40 W Yankeetown, FL 34498
6005 HIGHWAY 40 W, Yankeetown, FL, 34498
$625,000
For Sale
$625,000
Two well-maintained retail buildings plus a vacant corner lot with septic and public water access are included.
Property Size2,520 SF
Lot Size0.86 Acres
Price / SF$248.02
Days on Market74
Property Features for 6005 HIGHWAY 40 W
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Lot size
- 0.86 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing agency
Dunnellon Real Estate LLC
(352) 875-7787
Listed by
Christopher Hodges · License #3260213
(352) 875-7787
Source
Elliman
Added: May 9 Updated: Jul 20 at 8:41PM Checked: Jul 20 at 8:41PM
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 Dunnellon Real Estate LLC
Investment Insights
Based on property information with market context.
This retail property package includes two commercial buildings, totaling 4,020 square feet across a 2,520-square-foot building and a 1,500-square-foot building, along with a vacant corner lot at the intersection of Highway 40 and 60th Street. The corner lot comprises two lots and is equipped with septic systems and public water access. Both buildings are described as well-maintained, with recently updated roofs, and are positioned to require minimal preparation to open for business.
The site offers 250 feet of frontage along Highway 40 West and is zoned CN (Commercial Neighborhood). It totals 0.86 acres. The property is located about 10 minutes from Bird Creek Boat Ramp and approximately 5 minutes from Withlacoochee Gulf Preserve, supporting buyer interest in serving visitors and outdoor activity traffic.
The site offers 250 feet of frontage along Highway 40 West and is zoned CN (Commercial Neighborhood). It totals 0.86 acres. The property is located about 10 minutes from Bird Creek Boat Ramp and approximately 5 minutes from Withlacoochee Gulf Preserve, supporting buyer interest in serving visitors and outdoor activity traffic.
Key Highlights
- Commercial package includes two well‑maintained buildings totaling 4,020 SF plus a vacant corner lot.
- Frontage: 250 ft along Highway 40 West in central Yankeetown.
- Land: 0.86 acres zoned CN (Commercial Neighborhood).
Local Financial Insights For 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 | $40.8k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $38.2k | $15.15 |
| − OpEx | −$11.5k | −$4.54 |
| NOI | $26.7k | $10.60 |
2,520 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.2K
$546.1K – $728.2K
NOI $43,691 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two well-maintained retail buildings plus a vacant corner lot with septic and public water access are included.
Where is this retail space located?
The property is located at 6005 HIGHWAY 40 W Yankeetown, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Commercial package includes two well‑maintained buildings totaling 4,020 SF plus a vacant corner lot.; Frontage: 250 ft along Highway 40 West in central Yankeetown.; Land: 0.86 acres zoned CN (Commercial Neighborhood).
