350 N Summit St - Retail FOR SALE


Crescent City, FL 32112
$1,610,000 USD
904-569-6738
350 N Summit St, Crescent City, FL for Sale
$1,610,000 USD
Retail - FOR SALE
1/66
null | Request Cap Rate

350 N Summit St
Crescent City, FL 32112


HIGHLIGHTS

  • 3,290 SF Freestanding Commercial Building – Single-tenant asset on a 0.67-acre corner lot with GC-1 zoning, allowing for retail, office, restaurant
  • Strong Income Potential – Currently vacant, with projected gross rent of $8,499.17/month and potential NOI of $101,990, offering a substantial return
  • Prime US-17 Frontage – Excellent visibility on one of Crescent City’s main thoroughfares, positioned on a corner lot for easy ingress and egress.
  • Growth Area – Surrounded by ongoing residential and commercial development, contributing to rising property values and increasing local demand.
  • Fully Connected Utilities – Equipped with water, sewer, and electric, located outside of a flood zone with established road access.
  • Opportunity Zone Advantage – Eligible for tax incentives and redevelopment benefits within a federally designated Opportunity Zone.

OVERVIEW

Address: 350 N Summit St Crescent City, FL 32112 County: Putnam County Zoning: GC-1 Parcel ID: 19-12-28-1750-0540-0040 Building size: 3,290 sqft Land size (sqft): 29,185 Land size (acre): 0.67 Layout: 1 building Sewer: Connected Water: Connected Electric: Connected Flood Zone: No Road Access: Yes Opportunity zone: True Current Gross Rent: Vacant Potential Gross Rent: $8,499.17/month Potential NOI: $101,990 Rentable Sqft: 3,290 Asking price: $1,610,000 with OWNER FINANCING option Down Payment: $125,000 (due at closing) Note: $1,395,000 Payments to Seller: $6,659.9/month | $79,919.3/year Interest Rate: 4% with a 9-year balloon Amortization period: 30 Years No Prepayment Penalty Showing property visits by appointment only. Call\ Text to schedule Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes. We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner. All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.

FOR SALE DETAILS

PRICE

$1,610,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3,290 SF Commercial Building | Crescent City

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

GC-1

APN/PARCEL ID

19-12-28-1750-0540-0040

ASK ABOUT THIS PROPERTY

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904-569-6738

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904-569-6738

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.