629 Cassat AveJacksonville, FL 32205

Property Details for 629 Cassat Ave

Year built

1962

Lot size

0.46 AC

Property size (Sq ft)

10,500 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3163

Longitude

-81.7307

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