3216 University BlvdJacksonville, FL 32216

This exceptional investment opportunity encompasses a 12,000 square foot vacant restaurant building situated on approximately 2.83 to 3.28 acres of land in Jacksonville, Florida. The property, located at 3216 University Blvd. S, features 165 parking spaces and is zoned CCG2, allowing for redevelopment potential. The building, constructed in 1986, is a single-story structure. This is a value-add investment with an absolute NNN lease type. The property benefits from excellent visibility and high traffic counts, estimated at over 68,000 vehicles daily at the intersection. The surrounding area boasts a strong demographic profile, with an average household income exceeding $58,775 within a three-mile radius and over $60,462 within a five-mile radius. The population within these radii is substantial, exceeding 78,000 and 196,000 respectively. Significant nearby developments include Boulevard Crossing (a multi-tenant retail center with national brands), Your Storage Units, and a large medical community anchored by HCA Memorial Hospital and Brooks Rehabilitation. The property also includes pylon signage on University Blvd. and Beach Blvd. City utilities (electric, water, and sewer) are available. This offering includes an adjacent property (not detailed here) for a total land area of approximately 3.31 acres. The property is currently vacant and presents a unique chance for redevelopment or lease to a credit-worthy tenant. The asking rent for the restaurant building is $20.00 per square foot per annum on an NNN basis.