1165 Cassat AveJacksonville, FL 32205

Property Details for 1165 Cassat Ave

Year built

1973

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

1,400 SF

Zone code

CCG-2

Property type

Office properties

Property subtype

Office buildings

APN

065959-0000

APU

659590000

Description

This exceptional retail property, located at 1165 Cassat Avenue in Jacksonville, Florida, presents a unique investment opportunity. The combined offering includes two parcels, 1165 and 1173 Cassat Avenue, totaling 21,780 square feet, strategically designed to maximize parking capacity. This configuration is ideal for a variety of uses, particularly businesses requiring extensive on-site parking, such as a used car dealership, potentially accommodating 60-80 vehicles. The property boasts a 1973 construction date and features a recently updated air conditioning system, installed just two years ago. Situated in Duval County, Florida, with a zip code of 32205, the property's location offers excellent accessibility and visibility. The asking price for this combined property is $799,000. This presents a compelling opportunity to acquire a well-positioned retail property with significant parking advantages in a thriving Jacksonville market. The property's size and configuration offer considerable flexibility for a range of commercial ventures. The recent AC installation minimizes immediate capital expenditure needs. This is a rare chance to secure a substantial retail space with ample parking in a desirable Jacksonville location.

• CAP approach

  CAP return

  Valuation

  6%

  $302,330

  6.5%

  $279,074

  7%

  $259,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,214

  Geo Method

  $95,214

• Alternative Use

  Use

  Valuation

  Residential

  $346,052

  Hospitality

  $316,981

  Educational

  $263,725

  Medical

  $272,795

  Retail

  $410,239

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3042

Longitude

-81.7303

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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