223 9Th AveJacksonville Beach, FL 32250

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

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.

• 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

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