For Sale
$2,995,000

5640 Timuquana Rd Jacksonville, FL 32210

Jacksonville Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Jacksonville, FL retail investment opportunity presents a 23,810 square foot, multi-tenanted plaza situated on 2.65 acres. The property, comprised of six single-story buildings, boasts 81% occupancy and ample parking (150 spaces, a 6.3/1,000 sq ft ratio). Built in 1983, the property is zoned CO, CCG-1, and PUD, offering flexibility for future development or tenant improvements. Its prime location on Timuquana Road provides easy access to major roadways, including Blanding Boulevard, and places it within close proximity to thriving submarkets such as Ortega, Riverside, and Argyle, as well as the Jacksonville Naval Air Station and Timuquana Country Club. The asking price is $2,995,000. This presents a value-add opportunity for investors to increase profitability by filling vacant spaces and adjusting lease rates to market value. Jacksonville's robust population and employment growth, coupled with its status as a major Florida metro area with no state income tax, makes this a compelling investment prospect. The property's convenient location and ample parking further enhance its appeal. This is a rare chance to acquire a diversified retail asset in a high-growth market.

Highlights

  • Prime location near Riverside, Ortega, Argyle submarkets, Timuquana Country Club, and Jacksonville Naval Air Station.
  • Significant value-add potential through lease-up and rent increases.
  • Investment opportunity in a fast-growing, no-state-income-tax metro with strong population and job growth.
  • Convenient Timuquana Rd access, ample parking (150 spaces, 6.3/1,000 sf ratio).

Property Details for 5640 Timuquana Rd

Property type
Retail properties
Square Feet
23,810 SF
Year Built
1983
Buildings
6
Stories
1
Lot Size (sq. ft)
115,434 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.2468508
Longitude
-81.7281716

FAQs

What type of property is this?
Retail property - Jacksonville Retail Investment Opportunity
Where is the retail property located?
The property is located at 5640 Timuquana Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime location near Riverside, Ortega, Argyle submarkets, Timuquana Country Club, and Jacksonville Naval Air Station.; Significant value-add potential through lease-up and rent increases.; Investment opportunity in a fast-growing, no-state-income-tax metro with strong population and job growth.
How can I contact the broker?
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5640 Timuquana Rd
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