Mixed-Use Property Near Manatee Springs

11492 114th Pl, Chiefland, FL 32626

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For Sale

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Mixed-use property with store, mobile home, and RV hookups.

Type:Hospitality, Retail

Property size:

1,233 SF

Price / SF:

$223/SF

HighLights

Prime location directly outside Manatee Springs State Park entrance on the Suwannee River.
Rural Mixed Use zoning with a wide range of permitted uses.
Includes a 1233 sq ft concrete block building (former general store) with walk‑in cooler and retail space.
Features a 2006 doublewide 3/2 mobile home with 1664 sq ft of living space.
Three full RV hookups for additional income potential.
Property is high and dry; not in a flood zone.

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Deborah Drummond

For Sale

Contact for pricing

Mixed-use property with store, mobile home, and RV hookups.

Type:Hospitality, Retail

Property size:

1,233 SF

Price / SF:

$223/SF

Added:: Oct 4, 2023
Days on Market:: 1008
Last Refresh:: May 12 at 10:16 pm

Property Features for 11492 114th Pl

General Information

Standard status: Active
Size: 1,233 SF
Property subtype: Hospitality, Retail

Building Details

Year Built: 1967

We can help!

Contact an agent

Deborah Drummond

Listing office Drummond Realty Inc.

Listing date Oct 4, 2023

Source Crexi

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 Drummond Realty Inc.

HighLights

Prime location directly outside Manatee Springs State Park entrance on the Suwannee River.
Rural Mixed Use zoning with a wide range of permitted uses.
Includes a 1233 sq ft concrete block building (former general store) with walk‑in cooler and retail space.
Features a 2006 doublewide 3/2 mobile home with 1664 sq ft of living space.
Three full RV hookups for additional income potential.
Property is high and dry; not in a flood zone.

Overview

This mixed-use property is located just outside the entrance to Manatee Springs State Park on the Suwannee River. The property includes three RV hookups, a doublewide mobile home, and a concrete block building that was formerly operated as a general store. The general store has 1233 conditioned square feet and features a working walk-in cooler, retail area, shelving, and one full bath. Currently used as an office building, it offers flexible potential. The 2006 doublewide mobile home located behind the store has 1664 conditioned square feet with 3 bedrooms and 2 bathrooms, suitable for living or renting out. The property also features three full RV hookups on the left side. Both the store and mobile home have metal roofs. There are three electric meters, one for the store, one for the mobile home, and one for the RV hookups. The property is located on heavily traveled Hwy 320, adjacent to Springside Retirement Village and Hideaway Park. The zoning is rural mixed-use, with a list of permitted uses attached. The property is not in a flood zone. This property offers the opportunity to live on-site and run a business.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$24.4k	$19.80
− Vacancy	−$3.9k	−$3.17
EGI	$20.5k	$16.63
− OpEx	−$5.1k	−$4.16
NOI	$15.4k	$12.47

1,233 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$219.7K

$192.3K – $256.3K (±1% cap)

NOI $15,380 @ 7.0% cap · market cap 5.59%

Second Best

Specialty Retail

$209.7K

$183.5K – $244.7K (±1% cap)

NOI $14,681 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$305.4K

$267.2K – $356.3K (±1% cap)

NOI $21,377 @ 7.0% cap · market cap 7.77%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Chiefland
County: Levy
State: Florida
Longitude: -82.9632986
Latitude: 29.4958135

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What type of property is this?

Grocery and convenience store - Mixed-use property with store, mobile home, and RV hookups.

Where is this grocery and convenience store located?

The property is located at 11492 114th Pl Chiefland, FL.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Prime location directly outside Manatee Springs State Park entrance on the Suwannee River.; Rural Mixed Use zoning with a wide range of permitted uses.; Includes a 1233 sq ft concrete block building (former general store) with walk‑in cooler and retail space.