223 9Th AveJacksonville Beach, FL 32250
- Retail properties
- 4,173 SF
Property Details for 223 9Th Ave
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 AC
- Property size (Sq ft)
- 4,173 SF
- Zone code
- JC-1
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 176101-0000
- APU
- 1761010000
Description
This exceptional 4,173-square-foot freestanding restaurant is ideally situated on Highway A1A in the vibrant Jacksonville Beach submarket, specifically within the Neptune Beach cluster. The property boasts a single-tenant occupancy, making it an attractive investment opportunity for established or aspiring restaurateurs. Its prime location offers unparalleled visibility and accessibility, benefiting from high traffic volume on A1A. The property features ample on-site parking, a significant advantage in this high-demand area. Its waterfront proximity adds to its desirability, providing stunning views and a unique dining experience. The building's size allows for a spacious interior layout, accommodating a large number of diners and potentially offering additional space for a bar, kitchen expansion, or outdoor seating. Records indicate an impressive average daily traffic count of over 31,500 vehicles in 2020, highlighting the significant potential for customer reach. The property's location is also within walking distance of the beautiful Jacksonville Beach, further enhancing its appeal to tourists and locals alike. This is a rare opportunity to acquire a well-positioned, established restaurant space in a thriving coastal community. The property's features and location combine to create a highly desirable and profitable business opportunity. The property's APN is 1761010000. The property is classified as Retail, Restaurant, and Special Purpose, with a subtype of Restaurant, Diner, and Waterfront.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,124,747
- 6.5%
- $1,038,228
- 7%
- $964,069
-
Comparable approach
- Method
- Valuation
- Relative Method
- $715,190
- Geo Method
- $715,190
-
Alternative Use
- Use
- Valuation
- Residential
- $875,784
- Hospitality
- $802,214
- Educational
- $667,432
- Medical
- $690,386
- Retail
- $1,038,228
Location Insight
- City
- Jacksonville Beach
- County
- Duval
- State
- Florida
- Latitude
- 30.2801
- Longitude
- -81.3898
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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