1550 Business Center DrFleming Island, FL 32003

Property Details for 1550 Business Center Dr

Year built

1998

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

3,517 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

32-04-26-021262-006-26

APU

32042602126200626

Description

This exceptional 3,517 square foot Class B office building, constructed in 1998, presents a unique investment opportunity in the desirable Fleming Island submarket of Clay County, Florida. Located at 1550 Business Center Dr, Fleming Island, FL 32003 (cross streets CR220 & Business Center Dr), this single-tenant property is zoned PUD (Planned Unit Development) and features a convenient single-story layout. Currently, 2,460 square feet are vacant, offering significant potential for a variety of businesses. The property boasts beautiful water views and includes outdoor space ideal for employee breaks. The interior layout includes five private offices and a large open area, easily adaptable to suit diverse business needs, whether requiring additional offices or a larger, multi-use space. The building's previous use as a physical therapy space suggests a ready-made layout for medical or similar professional offices. The property's location in Fleming Island offers excellent access to major retailers such as Home Depot, Publix, Walgreens, and CVS, catering to a high-income demographic. The APN is 32-04-26-021262-006-26. This property is an excellent opportunity for businesses seeking a well-located, adaptable space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $605,583

  6.5%

  $558,999

  7%

  $519,071

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,191

  Geo Method

  $239,191

• Alternative Use

  Use

  Valuation

  Residential

  $693,159

  Hospitality

  $634,930

  Educational

  $528,254

  Medical

  $546,422

  Retail

  $821,729

Location Insight

City

Fleming Island

County

Clay

State

Florida

Latitude

30.1034

Longitude

-81.7148

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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