223 9Th AveJacksonville Beach, FL 32250

  • Retail properties
  • 4,173 SF
For Lease
$35/SF/YR View listing

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
223 9Th Ave, Jacksonville Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,238
$562,500
$342,200
$904,700
-
$562,500
$342,200
$904,700

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