12025 Beach BlvdJacksonville, FL 32246

Property Details for 12025 Beach Blvd

Year built

1953

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.57 AC

Property size (Sq ft)

4,947 SF

Zone code

CCG-1

Property type

Retail properties

Property subtype

Strip malls

APN

167058-0020

APU

1670580020

Description

This 5,252 square foot shopping center in Jacksonville, Florida, presents a compelling value-add opportunity. Located on Beach Boulevard, this single-story, 1953-built property boasts 160 feet of frontage and an impressive 53,500 AADT. Currently housing five tenants across six units (ranging from 462 to 1400 square feet), the center enjoys a 91.2% occupancy rate in a market with only 2.8% vacancy. The property sits on a 0.57-acre lot and features a CCG-1 zoning permit. With a strong NOI of $70,615 and an asking price of $1,498,000, this asset offers significant upside potential. Value creation strategies include leasing the vacant space at market rates, implementing mark-to-market rent rollovers, and expanding the existing back patio seating area. The property benefits from its proximity to major demand drivers, including Florida State College at Jacksonville (0.4 miles), the University of North Florida (1.1 miles), St. John's Town Center (3.4 miles), and Jacksonville Beach (5.9 miles). Within a one-mile radius, the property serves a population of 9,344 with an average household income of $97,243. A three-mile radius reveals a population of 83,172 and an average household income of $113,533. This prime location, combined with the value-add potential, makes this a highly attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,261,782

  6.5%

  $1,164,722

  7%

  $1,081,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $847,843

  Geo Method

  $847,843

• Alternative Use

  Use

  Valuation

  Residential

  $982,487

  Hospitality

  $899,952

  Educational

  $748,750

  Medical

  $774,501

  Retail

  $1,164,722

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2877

Longitude

-81.5004

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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