1367 Orange AveGreen Cove Springs, FL 32043

Property Details for 1367 Orange Ave

Year built

2009

Construction

WOOD

Lot size

1.11 AC

Property size (Sq ft)

3,468 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

37-06-26-015722-001-02

APU

37062601572200102

Description

This exceptional 3,468-square-foot quick-service restaurant (QSR) building is situated on a 1.11-acre lot in the thriving Green Cove Springs, Florida market. The property boasts 43 parking spaces and is ideally located on Orange Avenue (US Highway 17), a high-traffic area with an impressive 29,500 average annual daily traffic (AADT). Its convenient outparcel location offers excellent visibility and accessibility, enhanced by cross-access to the nearby Magnolia Layne Shopping Center and a traffic light at Harbor Road. The property features a lighted pylon sign for maximum brand exposure. This is a second-generation restaurant space, ready for immediate occupancy. The location benefits from its proximity to highly-rated A-rated schools, including Clay High School, and the upcoming completion of the First Coast Expressway (SR-23), a new four-lane bridge over the St. Johns River that will significantly improve connectivity to St. Johns County. The property's single-tenant occupancy and ample parking make it an attractive investment opportunity in a rapidly growing area. The building is currently vacant, presenting a blank canvas for a new QSR concept. This is a rare opportunity to establish a presence in a desirable location with strong demographics and excellent infrastructure. The 1.11-acre lot provides ample space for future expansion or outdoor seating. The property's strategic location and high visibility make it an ideal choice for a variety of QSR businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $877,804

  6.5%

  $810,280

  7%

  $752,403

• Comparable approach

  Method

  Valuation

  Relative Method

  $594,364

  Geo Method

  $594,364

• Alternative Use

  Use

  Valuation

  Residential

  $683,502

  Hospitality

  $626,084

  Educational

  $520,895

  Medical

  $538,809

  Retail

  $810,280

Location Insight

City

Green Cove Springs

County

Clay

State

Florida

Latitude

30.0079

Longitude

-81.6951

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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