491 Blanding BlvdOrange Park, FL 32073

Property Details for 491 Blanding Blvd

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 AC

Property size (Sq ft)

3,528 SF

Zone code

BB

Property type

Retail properties

Property subtype

Drive through restaurants

APN

18-04-26-020264-121-02

APU

18042602026412102

Description

This exceptional 3,472 square foot former Hardee's restaurant presents a unique investment opportunity in the thriving Orange Park, Florida market. The property boasts a highly desirable location on Blanding Boulevard, a major thoroughfare with an impressive average annual daily traffic count of approximately 72,500 vehicles. The 0.086-acre lot provides ample space and features 165 feet of frontage, making it ideal for a variety of retail uses beyond its previous fast-food configuration. The presence of a drive-thru adds significant operational flexibility and potential for increased revenue. This prime location benefits from its proximity to a strong retail corridor, including established businesses such as Ross Dress for Less, Bealls, Lowe's, BJ's Wholesale, Academy Sports, Marshalls, LA Fitness, Aldi, and Publix. Furthermore, the property's strategic placement within a quarter-mile of Orange Park High School (with an enrollment of 1,560 students) ensures a consistent flow of potential customers. This turnkey property offers immediate occupancy and significant upside potential for savvy investors seeking a high-traffic, well-located retail space in a rapidly growing area. The property's size and location make it suitable for a variety of QSR or fast-casual concepts. Don't miss this chance to acquire a valuable asset in a prime commercial location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,119,951

  6.5%

  $1,033,801

  7%

  $959,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $604,647

  Geo Method

  $604,647

• Alternative Use

  Use

  Valuation

  Residential

  $872,050

  Hospitality

  $798,793

  Educational

  $664,586

  Medical

  $687,443

  Retail

  $1,033,801

Location Insight

City

Orange Park

County

Clay

State

Florida

Latitude

30.1579

Longitude

-81.7468

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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