1020 3Rd StJacksonville Beach, FL 32250

Property Details for 1020 3Rd St

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.78 AC

Property size (Sq ft)

18,450 SF

Zone code

JC-1

Property type

Retail properties

Property subtype

Strip malls

APN

174536-0000

APU

1745360000

Description

Seawalk Village offers exceptional retail space in Jacksonville Beach, Florida. This vibrant shopping center boasts three single-story buildings totaling 49,214 square feet, encompassing 26 suites. Currently, two restaurant spaces are available, ranging from 1,526 to 3,327 square feet. The property is situated at 1020 3rd St S, Jacksonville Beach, FL 32250, conveniently located at a signalized intersection on 3rd St S and 3rd St N, ensuring easy access for customers. The center enjoys superior traffic counts and is surrounded by complementary businesses, just blocks from the heart of Jacksonville Beach. The property is zoned JC-1 within Duval County and presents a compelling opportunity for restaurant operators seeking high visibility and strong foot traffic. The attractive exterior offers excellent curb appeal, enhancing the overall shopping experience. This is a prime location to establish or expand a thriving restaurant business in a desirable coastal community. The multiple tenancy structure provides a diverse and dynamic environment for businesses. The available spaces offer flexibility for various restaurant concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $4,972,820

  6.5%

  $4,590,296

  7%

  $4,262,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,162,057

  Geo Method

  $3,162,057

• Alternative Use

  Use

  Valuation

  Residential

  $3,872,086

  Hospitality

  $3,546,810

  Educational

  $2,950,904

  Medical

  $3,052,390

  Retail

  $4,590,296

Location Insight

City

Jacksonville Beach

County

Duval

State

Florida

Latitude

30.2978

Longitude

-81.3944

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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