950 Blanding BlvdOrange Park, FL 32065

  • Retail properties
  • 23,545 SF
For Lease
$25/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,474,278
    6.5%
    $6,899,334
    7%
    $6,406,524
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,035,264
    Geo Method
    $4,035,264
  • Alternative Use

    Use
    Valuation
    Residential
    $5,819,846
    Hospitality
    $5,330,948
    Educational
    $4,435,286
    Medical
    $4,587,822
    Retail
    $6,899,334
950 Blanding Blvd, Orange Park, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$99,305
$2,863,320
$3,676,680
$6,540,000
-
$2,863,320
$3,676,680
$6,540,000

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