1985 Blanding BlvdJacksonville, FL 32210

  • Retail properties
  • 4,780 SF
For Sale
$2,500,000 View listing

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
1985 Blanding Blvd, Jacksonville, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$195,225
$198,375
$393,600
-
$195,225
$198,375
$393,600

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