19 12Th StJacksonville Beach, FL 32250

Property Details for 19 12Th St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

6,552 SF

Zone code

JC-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

177503-0000

APU

1775030000

Description

This exceptional value-add opportunity presents a 6,504± square foot retail shopping center situated on a 0.6-acre lot at 19 S 12th St, Jacksonville Beach, FL 32250. The property, located in the highly desirable Jacksonville Beach submarket, consists of a single building housing six tenant spaces. Current leases offer a compelling value-add proposition, with expiration dates ranging from December 24th to July 27th, presenting a significant opportunity for repositioning and lease rate adjustments. The center enjoys a prime location, shadowing Beach Plaza, a successful shopping center anchored by Dollar Tree, Bailey's Fitness, and various popular local restaurants and services. This strategic positioning ensures high visibility and accessibility for potential tenants. The surrounding area boasts a strong demographic profile, with a median household income within one mile exceeding $115,401, indicating significant consumer spending power. The asking price for this property is $1,600,000. This is a rare chance to acquire a well-located retail center with substantial upside potential in a thriving coastal community. Serious inquiries only. Do not disturb current tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,765,958

  6.5%

  $1,630,115

  7%

  $1,513,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,122,916

  Geo Method

  $1,122,916

• Alternative Use

  Use

  Valuation

  Residential

  $1,375,063

  Hospitality

  $1,259,550

  Educational

  $1,047,931

  Medical

  $1,083,971

  Retail

  $1,630,115

Location Insight

City

Jacksonville Beach

County

Duval

State

Florida

Latitude

30.2874

Longitude

-81.4009

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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