3,832 sqft Commercial/Office Building | Crescent City, FL 32112 | Putnam County

Highlights:

• 3,832 SF Commercial/Office Building – Two buildings on 0.43 acres with flexible GC-1 zoning for retail, office, medical, restaurant, or automotive uses.
• Crescent City Location – Positioned in Putnam County with frontage on N Summit St and within a federally designated Opportunity Zone.
• Value-Add Potential – Projected NOI: $49,816/year with lease-up and improvements.
• Recent Capital Improvements – Rental building roof fully replaced ~3.5 years ago with 40-year metal roof; house roof also replaced with metal roof in 2007.
• HVAC Updates – House AC replaced in 2007; rental building’s system ~30 years old but maintained and operational.
• Additional Space – Retail building includes 320 SF utility room at the rear.
• Utilities in Place – Connected to water, sewer, and electric.

Description:

Address: 42 N Summit St Crescent City, FL 32112
County: Putnam County
Zoning: GC-1
Parcel ID: 30-12-28-1750-0250-0041
Building size: 3,832 sqft
Land size (sqft): 18,731
Land size (acre): 0.43
Layout: 2 buildings
Sewer: Connected
Water: Connected
Electric: Connected
Flood Zone: Yes
Road Access: Yes
Opportunity zone: True
Potential Development: Retail Store/Plaza, Automotive, Office Building, General Commercial buildings, Restaurant/Cafe/ QSR, Laundromat, Medical Office building, Convenience Store, etc.


Current Gross Rent: $500/month
Current NOI: $360.42
Potential Gross Rent: $4,151.33/month
Potential NOI: $49,816.00
Rentable Sqft: 3,832

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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.