For Sale
$1,100,000

629 Cassat Ave Jacksonville, FL 32205

9-Unit Retail Center, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
136
This prime Jacksonville retail investment opportunity features a 9-unit strip center totaling 10,500 square feet on a 0.46-acre lot. Currently 77% occupied with seven tenants, this property offers significant value-add potential. The gross lease structure provides a steady income stream, with a current asking price of $1,100,000 ($104.76/sq ft). Built in 1962, the single-story property consists of four buildings and benefits from a CCG-2 zoning designation. Its strategic location at 629 Cassat Ave provides exceptional visibility and accessibility, with direct access to I-10 via Exit 358, ensuring high traffic flow and customer visibility. Ample on-site parking is available for tenants and customers. The net rentable area is 8,908 square feet. This property presents a compelling opportunity for investors seeking strong cash flow and potential for rental rate increases and improved return on investment. The property's location in a vibrant commercial area, combined with its high-traffic exposure, makes it an attractive investment for both seasoned and new investors. The property's parcel number is 060808 0000.

Highlights

  • Prime Retail Strip Center Investment Opportunity
  • Nine (9) Unit Retail Building
  • Significant Value-Add Potential
  • Abundant, Well-Lit Parking
  • Convenient I-10 Access

Property Details for 629 Cassat Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,500 SF
Year Built
1962
Buildings
4
Stories
1
Lot Size (sq. ft)
20,038 SF
Units
9

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.316289453219
Longitude
-81.730674206126

FAQs

What type of property is this?
Lifestyle center - 9-Unit Retail Center, High-Traffic Location
Where is the lifestyle center located?
The property is located at 629 Cassat Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime Retail Strip Center Investment Opportunity; Nine (9) Unit Retail Building; Significant Value-Add Potential
How can I contact the broker?
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629 Cassat Ave
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