2620 Blanding BlvdMiddleburg, FL 32068

Property Details for 2620 Blanding Blvd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.40 AC

Property size (Sq ft)

62,177 SF

Zone code

BSC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

14-05-24-006359-001-00

APU

14052400635900100

Description

Middleburg Village Center, located at 2620 Blanding Blvd in Middleburg, Florida (zip code 32068), presents a compelling investment opportunity. This 51,100 square foot retail center sits on a 5.75-acre lot in Clay County and offers twelve available spaces ranging from 1,000 to 7,000 square feet. The property boasts a highly desirable location, situated at a well-lit intersection on heavily trafficked Blanding Boulevard. This ensures excellent visibility and accessibility for businesses. Its strategic placement between established anchors like Publix, AutoZone, and Mavis Tires & Brakes provides significant synergistic benefits and draws substantial foot traffic. The center underwent renovations in 2024, ensuring modern and updated facilities for tenants. The property's multiple tenancy structure offers flexibility for a diverse range of retail businesses. This prime retail space in a thriving neighborhood center represents a strong investment opportunity with significant potential for growth and return. The property's location in the bustling Middleburg area of Clay County, Florida, guarantees a steady stream of customers and high visibility. The recent renovations further enhance the property's appeal to potential tenants, making it an attractive option for investors seeking a stable and profitable retail investment.

• CAP approach

  CAP return

  Valuation

  6%

  $19,737,872

  6.5%

  $18,219,574

  7%

  $16,918,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,656,218

  Geo Method

  $10,656,218

• Alternative Use

  Use

  Valuation

  Residential

  $15,368,892

  Hospitality

  $14,077,822

  Educational

  $11,712,583

  Medical

  $12,115,397

  Retail

  $18,219,574

Location Insight

City

Middleburg

County

Clay

State

Florida

Latitude

30.0659

Longitude

-81.8708

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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