950 Blanding BlvdOrange Park, FL 32065

Property Details for 950 Blanding Blvd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.76 AC

Property size (Sq ft)

23,545 SF

Zone code

BSC

Property type

Retail space

APN

23-04-25-020665-000-00

APU

23042502066500000

Description

The Village Shopping Center, located at 950 Blanding Blvd in Orange Park, Florida, presents a unique opportunity for businesses seeking retail or office space. This 72,511 square foot center, built in 2004, offers multiple tenancy options with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,000 square feet. Currently, 12,533 square feet are vacant and ready for immediate occupancy. The property sits on a 9.88-acre lot and boasts 314 parking spaces for ample customer and employee convenience. Strategically positioned on Blanding Boulevard, Orange Park's main retail corridor, the center benefits from high visibility with 63,000 vehicles passing daily. Multiple points of access are available via Blanding Boulevard, Cleveland Avenue, and Polk Avenue. The center is anchored by Publix and Bealls, providing strong synergy and significant foot traffic. Its location near major employers, including the Naval Air Station Jacksonville (21,900 employees) and Orange Park Medical Center (1,200+ employees), ensures a robust customer base. This prime commercial property in Clay County, Florida (zip code 32065) offers an exceptional opportunity for growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $5,791,080

  6.5%

  $5,345,620

  7%

  $4,963,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,665,350

  Geo Method

  $1,665,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,394,900

  Mixed-Use / Specialty

  $5,338,500

  Hospitality / Lodging

  $3,932,230

  Office

  $5,319,210

  Institutional / Educational

  $5,554,150

  Residential Income

  $6,498,360

  Multifamily

  $7,727,600

  Automotive / Energy

  $4,760,700

  Parking / Income-Based Land

  $1,631,070

  Restaurant / Food Service

  $2,802,070

  Healthcare / Senior Housing

  $5,462,290

Location Insight

City

Orange Park

County

Clay

State

Florida

Latitude

30.1383

Longitude

-81.7754

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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