2475 Blanding BlvdMiddleburg, FL 32068

  • Retail properties
  • 6,080 SF
For Lease

Property Details for 2475 Blanding Blvd

Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.68 AC
Property size (Sq ft)
6,080 SF
Zone code
BB
Property type
Retail properties
Property subtype
Turn key restaurants
APN
11-05-24-006101-000-00
APU
11052400610100000

Description

This single-story, 32,200 square foot retail building, situated on a 4.47-acre lot in Middleburg, Florida (zip code 32068), presents a compelling lease opportunity. Built in 1990 and classified as Class B, the property features seven suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 7,200 square feet. Currently, 5,600 square feet are vacant. The building is zoned BB and offers single/three-phase power. The property is ideally suited for a variety of restaurant concepts, boasting a full commercial kitchen, ample seating capacity (150+), and over 60 on-site parking spaces. A drive-thru window is also available. This is a multi-tenant property located at 2475 Blanding Blvd. The property's location within the Palmetto Plaza Commerce Center provides excellent visibility and accessibility. This is a second-generation restaurant endcap space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,930,075
    6.5%
    $1,781,607
    7%
    $1,654,350
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,042,022
    Geo Method
    $1,042,022
  • Alternative Use

    Use
    Valuation
    Residential
    $1,502,852
    Hospitality
    $1,376,605
    Educational
    $1,145,319
    Medical
    $1,184,708
    Retail
    $1,781,607
2475 Blanding Blvd, Middleburg, Florida

Location Insight

City
Middleburg
County
Clay
State
Florida
Latitude
30.0724
Longitude
-81.8637
CBSA code
27260
CBSA name
JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,286
$1,121,076
$2,058,924
$3,180,000
-
$1,121,076
$2,058,924
$3,180,000

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