6701 Beach BlvdJacksonville, FL 32216

Property Details for 6701 Beach Blvd

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

7,788 SF

Zone code

CCG-2

Property type

Office properties

Property subtype

Office buildings

APN

134623-0010

APU

1346230010

Description

This exceptional commercial property, situated at 6701 Beach Boulevard in Jacksonville, Florida, presents a compelling investment opportunity. Boasting a 0.61-acre lot, the property enjoys a highly visible location on Beach Boulevard, near Brooks Rehabilitation and Memorial Hospital. Its convenient access to University Boulevard and downtown Jacksonville, as well as Jacksonville Beach, ensures excellent connectivity. The solid concrete block building has been meticulously maintained and features a newly painted exterior. Currently, three month-to-month tenants occupy the space, providing immediate income potential. The property offers ample parking with over 50 spaces available. Utilities include city water and electricity, and a septic system that is convertible to city sewer (buyer to contact JEA for details). The CCG-2 zoning allows for a wide range of uses, including medical offices, pharmacies, retail establishments, and auto dealerships. The building's 800 square feet could be leased back to the seller, providing a potential additional income stream. This versatile property is ideal for investors seeking a strong return on investment in a high-traffic area with diverse development possibilities. The property's prime location and flexible zoning make it an attractive option for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,351,298

  6.5%

  $1,247,352

  7%

  $1,158,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,662

  Geo Method

  $529,662

• Alternative Use

  Use

  Valuation

  Residential

  $1,546,716

  Hospitality

  $1,416,784

  Educational

  $1,178,748

  Medical

  $1,219,286

  Retail

  $1,833,607

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2905

Longitude

-81.5913

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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