3166 County Road 220Middleburg, FL 32068

Property Details for 3166 County Road 220

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.78 AC

Property size (Sq ft)

9,517 SF

Property type

Outlet malls

APN

04-05-25-009001-001-01

APU

4052500900100101

Description

This exceptional 9,373-square-foot freestanding retail building is situated on a prominent 1.89-acre corner lot in Middleburg, Florida. Boasting high visibility from County Road 220 and Shamrock Drive, this Class B property offers convenient access to major thoroughfares including CR 220, Henley Road, the First Coast Expressway, and Blanding Boulevard. Built in 2009, the building features a spacious, open floor plan with ADA-compliant restrooms and a small office area. Ample parking is provided with 37 spaces. The structure itself is a 90' x 100' steel frame/block construction with a 12.5' clear height and 25' column spacing (3 on center). The property is zoned BF CC and offers significant potential for a variety of retail uses. Currently available for lease at $16 per square foot NNN, with a CAM rate of $2 per square foot and a tenant improvement allowance of $10 per square foot. Alternatively, the property is offered for sale at $2,000,000. The APN is 04052500900100101. This prime retail location presents a unique opportunity for businesses seeking high visibility and convenient access in a growing area of Clay County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,021,138

  6.5%

  $2,788,743

  7%

  $2,589,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,631,073

  Geo Method

  $1,631,073

• Alternative Use

  Use

  Valuation

  Residential

  $2,352,409

  Hospitality

  $2,154,794

  Educational

  $1,792,763

  Medical

  $1,854,419

  Retail

  $2,788,743

Location Insight

City

Middleburg

County

Clay

State

Florida

Latitude

30.0967

Longitude

-81.8122

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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