101 8Th StJacksonville, FL 32206

Property Details for 101 8Th St

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

2,328 SF

Zone code

CCG-S

Property type

Retail properties

Property subtype

Retail space

APN

071835-0000

APU

718350000

Description

This exceptional retail property, located at 101 E 8TH Street in Jacksonville, Florida, presents a fantastic investment opportunity. Priced at $499,000, this 1955-built building boasts a prime location in the heart of Springfield, just blocks from Main Street and directly across from a new mixed-use development. The current configuration offers significant potential for a variety of businesses. Recent renovations include a completely new roof, improved ceiling insulation for enhanced energy efficiency, a new HVAC system with updated ductwork, and a modern mini-split system for climate control. Plumbing upgrades are also complete, featuring new supply and waste lines in the bathrooms, along with a hand sink, prep sink, three-compartment sink, and a grease trap, making it ideal for food service or similar businesses. The building has been structurally reinforced and is ready for tenant build-out to suit individual business needs. The property is zoned CCG-S, offering flexibility for various commercial uses. While the lot size is not currently specified, the strategic location and recent improvements make this a highly attractive proposition for discerning investors seeking a turn-key retail space in a rapidly developing area. This is a rare chance to acquire a well-maintained, ready-to-occupy commercial property in a vibrant and growing Jacksonville neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $618,214

  6.5%

  $570,659

  7%

  $529,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,985

  Geo Method

  $398,985

• Alternative Use

  Use

  Valuation

  Residential

  $481,372

  Hospitality

  $440,934

  Educational

  $366,852

  Medical

  $379,469

  Retail

  $570,659

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3458

Longitude

-81.6522

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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