6719 Blanding BlvdJacksonville, FL 32244

Property Details for 6719 Blanding Blvd

Year built

1980

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

360 SF

Zone code

CCG-2

Property type

Office buildings

APN

098186-0030

APU

981860030

Description

This exceptional investment opportunity presents a prime 3-building, 3,000 square foot auto shop and storefront complex situated on a high-traffic section of Blanding Boulevard in Jacksonville, Florida. The property, built in 1980, sits on a 0.52-acre lot and features three separate buildings ideally suited for various automotive uses, including sales, mechanics, and a paint booth. With a 100% occupancy rate and a modified lease in place (currently expiring), this property offers immediate income potential for an owner-user or a substantial return for an investor. The property benefits from a high average daily traffic count of 30,000-52,000 vehicles, placing it in close proximity to major retailers such as CVS, Walgreens, Wawa, and Best Buy, as well as numerous car dealerships. The location's rapid growth near Orange Park further enhances its investment appeal. Recent improvements include a new perimeter fence and electrical rewiring. The property also includes two half-bathrooms. The CCG2 zoning allows for a variety of uses. This turnkey operation is ready for immediate use, offering a unique blend of immediate income and long-term growth potential. Asking price: $720,000.

• CAP approach

  CAP return

  Valuation

  6%

  $77,742

  6.5%

  $71,762

  7%

  $66,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,484

  Geo Method

  $24,484

• Alternative Use

  Use

  Valuation

  Residential

  $88,985

  Hospitality

  $81,510

  Educational

  $67,815

  Medical

  $70,147

  Retail

  $105,490

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2273

Longitude

-81.7376

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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