3,290 sqft Commercial Building | Crescent City, FL 32112 | Putnam County
$1,650,000
350 North Summit Street, Crescent City, FL 32112
3,290 sqft
Building Size
0.67 acres
Lot Area
Details:
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, medical, and general commercial uses.
- Strong Income Potential – Currently vacant, with projected gross rent of $8,499.17/month and potential NOI of $101,990, offering a substantial return once stabilized.
- 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.
Description:
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: $1,650,000 with OWNER FINANCING option
Down Payment: $165,000 (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.
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