221 Adams StJacksonville, FL 32202
- Office buildings
- 2,080 SF
Property Details for 221 Adams St
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 2,080 SF
- Zone code
- CCBD
- Property type
- Office buildings
- APN
- 073440-0000
- APU
- 734400000
Description
This exceptional commercial property, located at 221 E ADAMS Street, presents a rare opportunity for a single-tenant retail business. The property boasts a generous 2,080 square feet of space, ideally suited for a variety of retail ventures. Situated on a 0.13-acre lot (APN: 07334400000), this property offers excellent visibility and accessibility. The building itself is classified as retail and land, with no individual suites within the structure. The property is currently configured as two executive office spaces, each approximately 150 square feet, making it perfect for a small business needing separate office areas. This layout is easily adaptable to suit a variety of retail needs. The property's central downtown location ensures high foot traffic and excellent exposure to potential customers. Utilities are included in the rental price, providing cost-effective operation. While internet is not included, the property's prime location offers easy access to various high-speed internet providers. This is an exceptional opportunity to acquire a well-located, versatile retail space in a thriving downtown area. The property's size and location make it an attractive investment for both established businesses and new ventures seeking a strong foothold in the market. The 0.13-acre lot provides ample space for potential expansion or outdoor display areas, depending on the tenant's needs. This property is ready for immediate occupancy and offers a unique chance to establish a successful retail presence in a high-demand location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $375,752
- 6.5%
- $346,848
- 7%
- $322,073
-
Comparable approach
- Method
- Valuation
- Relative Method
- $141,461
- Geo Method
- $141,461
-
Alternative Use
- Use
- Valuation
- Residential
- $430,092
- Hospitality
- $393,962
- Educational
- $327,772
- Medical
- $339,044
- Retail
- $509,867
Location Insight
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Latitude
- 30.3273
- Longitude
- -81.6544
- 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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