1985 Blanding BlvdJacksonville, FL 32210

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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