997 Blanding BlvdOrange Park, FL 32065
- Retail properties
- 11,193 SF
Property Details for 997 Blanding Blvd
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.97 AC
- Property size (Sq ft)
- 11,193 SF
- Zone code
- PS-1
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 40-04-25-020650-000-00
- APU
- 40042502065000000
Description
Palmer Plaza, located at 997 Blanding Blvd in Orange Park, Florida (zip code 32065), offers a prime retail space opportunity. This multi-tenant property boasts a total of 11,193 square feet situated on a 0.98-acre lot. Currently, one retail space is available, measuring 2,500 square feet. The building underwent renovations in 2022, ensuring modern amenities and a well-maintained structure. Its strategic location within Clay County places it in a high-traffic retail corridor, providing excellent visibility and accessibility. The property benefits from its proximity to major retail anchors, including a Publix-anchored shopping center and a Walmart Supercenter, both located less than half a mile away. This ensures high foot traffic and a strong customer base. Furthermore, the surrounding area offers a diverse range of dining options, including popular restaurants such as Crafty Crab, Taco Bell, Panda Express, Arby's, and Sonic, adding to the area's appeal and convenience for potential customers. This retail space presents a compelling opportunity for businesses seeking a vibrant and well-established location in a thriving commercial area. The property's recent renovations and advantageous location make it an ideal investment for a variety of retail ventures.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,553,179
- 6.5%
- $3,279,857
- 7%
- $3,045,582
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,918,314
- Geo Method
- $1,918,314
-
Alternative Use
- Use
- Valuation
- Residential
- $2,766,682
- Hospitality
- $2,534,266
- Educational
- $2,108,480
- Medical
- $2,180,994
- Retail
- $3,279,857
Location Insight
- City
- Orange Park
- County
- Clay
- State
- Florida
- Latitude
- 30.1363
- Longitude
- -81.776
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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