1198 Beach BlvdJacksonville Beach, FL 32250

Property Details for 1198 Beach Blvd

Year built

2019

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

12,416 SF

Zone code

JC-2

Property type

Retail properties

Property subtype

Strip malls

APN

177502-0050

APU

1775020050

Description

This exceptional Class A property, located at 1198 Beach Blvd in Jacksonville Beach, Florida (zip code 32250), presents a unique investment opportunity. The 13,340 square foot building, constructed in 2019 and renovated in 2021, boasts a prime outparcel location at a highly visible, lighted intersection of Beach Blvd and 11th St N., experiencing over 50,000 vehicles per day. The two-story building features six suites, with 4,700 square feet currently vacant, offering flexible space options ranging from a minimum of 3,200 square feet to a maximum contiguous space of 4,700 square feet. The property includes approximately 800 non-exclusive parking spaces, providing ample convenience for patrons. The zoning is JC-2. The building features a fully built-out, open floor plan layout with 21'5" finished ceilings. A significant advantage is the potential for additional rooftop space, ranging from 750 to 3,200 square feet, ideal for expansion or unique branding opportunities. The property's strategic location offers easy access via five ingress/egress points and places it within minutes of popular attractions such as the Jacksonville Pier, Jacksonville Beach Golf Club, and Margaritaville Beach Hotel, as well as numerous national retailers. With over 50,000 residents within a three-mile radius and over $793 million in consumer spending in 2022, this property offers exceptional potential for high returns. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $3,346,479

  6.5%

  $3,089,058

  7%

  $2,868,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,127,919

  Geo Method

  $2,127,919

• Alternative Use

  Use

  Valuation

  Residential

  $2,605,736

  Hospitality

  $2,386,840

  Educational

  $1,985,823

  Medical

  $2,054,118

  Retail

  $3,089,058

Location Insight

City

Jacksonville Beach

County

Duval

State

Florida

Latitude

30.2878

Longitude

-81.4019

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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