1600 Park AveOrange Park, FL 32073

Property Details for 1600 Park Ave

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.73 AC

Property size (Sq ft)

13,567 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

41-04-26-018759-001-00

APU

41042601875900100

Description

This exceptional 2,400 square foot medical office space is situated at 1600 Park Avenue in Orange Park, Florida, within Clay County (zip code 32073). The single-tenant property is part of a larger 12,075 square foot building situated on a 1.73-acre lot. The building offers a convenient and highly visible location, easily accessible from I-295 and boasting high traffic counts on Park Avenue (approximately 61,500 AADT) and Kingsley Avenue (approximately 29,500 AADT). Its strategic placement near Orange Park Medical Center (a 317-bed facility) and Naval Air Station Jacksonville ensures a strong patient base and high visibility. The interior layout is well-designed for medical practices, featuring a reception/waiting area, six patient rooms, a procedure room, an X-ray room, a lab, a break room, and ample storage space. The property's proximity to Orange Park Mall and Fleming Island further enhances its appeal and accessibility. This is a rare opportunity to acquire a well-established medical office space in a thriving location. The property is currently listed with 2,400 square feet of vacant space. The cross street is Kingsley Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $4,306,796

  6.5%

  $3,975,504

  7%

  $3,691,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,325,183

  Geo Method

  $2,325,183

• Alternative Use

  Use

  Valuation

  Residential

  $3,353,487

  Hospitality

  $3,071,776

  Educational

  $2,555,682

  Medical

  $2,643,575

  Retail

  $3,975,504

Location Insight

City

Orange Park

County

Clay

State

Florida

Latitude

30.1702

Longitude

-81.702

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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