1985 Blanding BlvdJacksonville, FL 32210
- Retail properties
- 4,780 SF
Property Details for 1985 Blanding Blvd
- Year built
- 1942
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 4,780 SF
- Zone code
- CCG-2
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 093696-0000
- APU
- 936960000
Description
This exceptional 1.03-acre retail property in Jacksonville, Florida, presents a lucrative investment opportunity. Located at 1985 Blanding Blvd, 32210, in Duval County, this strategically positioned parcel offers significant potential for diverse commercial uses. The property boasts 287 feet of frontage on Blanding Boulevard and an additional 125 feet on San Juan Avenue, ensuring high visibility and accessibility. The site is zoned CCG-1, permitting a range of retail developments, including auto shops and quick-service restaurants, as evidenced by its current configuration. Two existing buildings are available for lease, providing immediate income potential. Building 1 offers approximately 7,000 square feet of retail space, while Building 2 provides approximately 1,400 square feet. The property's location is further enhanced by its proximity to a new retail development and Roosevelt Mall, ensuring high foot traffic and consumer visibility. City water and sewer services are readily available on-site. The seller is willing to subdivide the parcel, offering flexibility for various development scenarios. This property represents a rare opportunity to acquire a well-located, multi-use retail asset in a thriving Jacksonville market. The asking price is $2,500,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,517,394
- 6.5%
- $1,400,672
- 7%
- $1,300,624
-
Comparable approach
- Method
- Valuation
- Relative Method
- $819,221
- Geo Method
- $819,221
-
Alternative Use
- Use
- Valuation
- Residential
- $1,181,519
- Hospitality
- $1,082,265
- Educational
- $900,432
- Medical
- $931,399
- Retail
- $1,400,672
Location Insight
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Latitude
- 30.2825
- Longitude
- -81.7261
- 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
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