4343 Colonial AveJacksonville, FL 32210

Property Details for 4343 Colonial Ave

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.68 AC

Property size (Sq ft)

6,642 SF

Zone code

CRO

Property type

Healthcare properties

Property subtype

Medical offices

APN

094070-0000

APU

940700000

Description

This exceptional commercial property at 4343 COLONIAL Avenue in Jacksonville, Florida, presents a compelling investment opportunity. Boasting a substantial 29,620.8 square foot lot, this 1967-built property is ideally situated between the thriving Avondale and Ortega neighborhoods, benefiting from high visibility and proximity to major retail, residential, and office developments. The building itself features a versatile layout including 11 offices, 6 bathrooms, and 3 kitchenettes, providing ample space for a variety of commercial uses. Additional features include a large, attractive lobby area, a convenient drive-thru window, and abundant parking with 24 spaces. The property is constructed of all brick, and the roof was recently replaced just 9 years ago, minimizing immediate maintenance needs. The property is zoned CRO, offering flexibility for various commercial ventures. With its prime location, substantial size, and desirable features, this property represents a rare opportunity to acquire a well-maintained, high-potential commercial asset in a rapidly growing area of Jacksonville. The asking price is $1,200,000, and the seller is motivated. This is a fantastic chance to capitalize on the increasing demand for commercial space in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,434,340

  6.5%

  $1,324,006

  7%

  $1,229,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,722

  Geo Method

  $451,722

• Alternative Use

  Use

  Valuation

  Residential

  $1,641,768

  Hospitality

  $1,503,850

  Educational

  $1,251,186

  Medical

  $1,294,216

  Retail

  $1,946,289

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2801

Longitude

-81.7169

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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