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33858891
33858890

3873 Commerce Street, Jay, FL 75226-1924 For Sale

DC
FL SL3615588, AL 000171112-0
Keller Williams Realty Gulf Coast
Listed by Keller Williams Realty Gulf Coast
$1,300,000
32 days on market
Updated 32 days ago

Grocery-anchored Plaza For Sale

Details
APN 41-5N-29-2590-00200-0013
Property Type Retail
Sub Type Shopping Center, Grocery Store
Square Footage 20,496
Cap Rate 5.71%
NOI $74,211
Tenancy Multi
Lease Type Modified
Price per SqFt $58
Class C
Year Built 1967
Year Renovated 1972
Buildings 4
Acreage 2.560
Zoning CV-2
Investment Type Stabilized
Ground Lease No

Stabilized Investment Opportunity

Marketing description

Scott's Plaza presents a rare opportunity to acquire a grocery-anchored neighborhood shopping center serving the City of Jay and the surrounding rural communities of northern Santa Rosa County, Florida. As one of the area's primary retail destinations, the property benefits from a long-established operating history, strong community presence, and strategic location in the commercial heart of Jay.

The property consists of approximately 20,496 square feet of retail and commercial space situated on 2.56 acres, featuring multiple buildings configured around a central parking field with frontage and access from both Alabama Street and Spring Street. The center is anchored by Greer's Market, a well-known regional grocery operator that serves as a daily-needs destination for residents throughout the trade area.

Scott's Plaza occupies a highly visible location within Jay's primary commercial corridor and serves a market with limited competing retail inventory. The center provides essential goods and services that generate recurring customer traffic and support long-term tenancy demand. The property's location, established customer base, and neighborhood-serving tenant mix create a durable retail asset positioned to continue serving the community for years to come.

Investment highlights

  • Grocery-Anchored Retail Center featuring Greer's Market, a recognized regional grocery operator.
  • 20,496± SF Shopping Center situated on 2.56± acres.
  • Dominant Local Retail Destination serving Jay and surrounding rural communities.
  • Strategic In-Town Location with frontage on Alabama Street and Spring Street.
  • Established Community Asset with decades of operating history and strong local recognition.
  • Multiple Tenant Opportunities providing diversified income potential.
  • Value-Oriented Pricing with an asking price below the property's recent appraised value.
  • Limited Competitive Supply within the immediate trade area.
  • Essential-Service Tenant Base supporting consistent customer traffic and long-term viability.
  • Potential Upside Through Leasing, Rent Growth, and Property Modernization.

Listing Contacts

DC
FL SL3615588, AL 000171112-0
Keller Williams Realty Gulf Coast
Listed by Keller Williams Realty Gulf Coast

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,211.00
$6,184.25/mo

Valuation Metrics

0
DSCR
5.71%
Cap Rate
5.71%
ROI

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Additional Information

Name
Dean Cooledge
License
SL3615588
Brokerage
Keller Williams Realty Gulf Coast
Brokerage Phone
850-471-5000
Brokerage Address
800 Langley Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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