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Doctors Inlet Feed & Pet Supply 535 College Dr 1,328 SF Retail Building Middleburg, FL 32068 $330,900 ($249.17/SF) 5.25% Cap Rate
Investment Highlights
- Heavy daytime traffic counts.
- Redevelopment Opportunity
- Key location.
Executive Summary
Prime Location on high traffic College Drive near CR220. Well known, established feed store is closing and owner is retiring. This property is sold mainly for it's land value, but the building could be renovated or at least the footprint utilized for grandfathering impact fees and storm water detention. Buyer should do own due diligence. Land would be suitable for redevelopment for a small office, drive through coffee or donut shop, small shop, or many other uses. Thought this is a well established, well know business, no consideration for any business value is given in this price.
Great opportunity for redevelopment or to take over an existing feed store that has been a mainstay in the Middleburg area for over 25 years. Building needs renovations, is functional, and the lot and location have great ingress and egress, close to a major intersection. Zoned BA. (Neighboorhood Business).
This is an operating though liquidating business. Please do not go on property without confirmed showing appointment. Property has well and septic but full public utilites could be accessed. Seller has no surveys, studies or documents and will not provide any. SOLD AS-IS. Please schedule showings by calling one of the listing agents. Building is functional but give no value.
Great opportunity for redevelopment or to take over an existing feed store that has been a mainstay in the Middleburg area for over 25 years. Building needs renovations, is functional, and the lot and location have great ingress and egress, close to a major intersection. Zoned BA. (Neighboorhood Business).
This is an operating though liquidating business. Please do not go on property without confirmed showing appointment. Property has well and septic but full public utilites could be accessed. Seller has no surveys, studies or documents and will not provide any. SOLD AS-IS. Please schedule showings by calling one of the listing agents. Building is functional but give no value.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$29,400
|
$22.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$29,400
|
$22.14
|
| Taxes |
$2,865
|
$2.16
|
| Operating Expenses |
$9,151
|
$6.89
|
| Total Expenses |
$12,016
|
$9.05
|
| Net Operating Income |
$17,384
|
$13.09
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $29,400 |
| Annual Per SF | $22.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $29,400 |
| Annual Per SF | $22.14 |
| Taxes | |
|---|---|
| Annual | $2,865 |
| Annual Per SF | $2.16 |
| Operating Expenses | |
|---|---|
| Annual | $9,151 |
| Annual Per SF | $6.89 |
| Total Expenses | |
|---|---|
| Annual | $12,016 |
| Annual Per SF | $9.05 |
| Net Operating Income | |
|---|---|
| Annual | $17,384 |
| Annual Per SF | $13.09 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,328 SF
Year Built/Renovated
1951/1994
Price
$330,900
Price Per SF
$249.17
Cap Rate
5.25%
NOI
$17,384
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.34 AC
Zoning
BA - Business A - see documents for allowed uses.
Parking
10 Spaces (7.53 Spaces per 1,000 SF Leased)
Frontage
95’ on College Drive
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Fleming Island Feed Store
- Agriculture, Forestry, Fishing and Hunting
- 1,328 SF
- -
- TBD
- May 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Fleming Island Feed Store | Agriculture, Forestry, Fishing and Hunting | 1,328 SF | - | TBD | May 2026 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Contacts
-
Thomas Hammond -
Jackson Hammond -
Nancy Hammond -
Brady Hammond -
Coldwell Banker Vanguard Realty
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Doctors Inlet Feed & Pet Supply | 535 College Dr
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