327 Orange AveGreen Cove Springs, FL 32043

Property Details for 327 Orange Ave

Year built

1949

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

1,504 SF

Zone code

GCC

Property type

Office properties

Property subtype

Other office properties

APN

38-06-26-017399-000-00

APU

38062601739900000

Description

This exceptional commercial property, situated at 327 N Orange Ave in Green Cove Springs, Florida, presents a compelling investment opportunity. Encompassing 1.221 acres of land zoned Gateway Commercial, this property features two existing free-standing retail buildings totaling 4,707 square feet. Building one offers approximately 2,157 square feet, while building two provides roughly 2,550 square feet of space. The property's strategic location at a well-lit intersection along Highway 17 ensures high visibility and accessibility. Convenient access points are available via Orange Avenue, North Street, Palmetto Avenue, and Gum Street, providing excellent ingress and egress for customers and employees. Ample parking is available on-site, catering to the needs of both tenants and patrons. This property is ideal for owner-users seeking a ready-made retail space or developers envisioning a redevelopment project. The asking price is $1,550,000. The property's size and location in the thriving Green Cove Springs market make it a highly attractive investment prospect. The existing buildings provide immediate income potential, while the zoning allows for a variety of future development options. This is a rare opportunity to acquire a significant commercial property in a rapidly growing area of Clay County, Florida. The 32043 zip code offers a strong demographic profile, further enhancing the property's investment appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $258,970

  6.5%

  $239,049

  7%

  $221,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,287

  Geo Method

  $102,287

• Alternative Use

  Use

  Valuation

  Residential

  $296,421

  Hospitality

  $271,520

  Educational

  $225,901

  Medical

  $233,670

  Retail

  $351,402

Location Insight

City

Green Cove Springs

County

Clay

State

Florida

Latitude

29.9958

Longitude

-81.6807

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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