2043 Edgewood AveJacksonville, FL 32208

Property Details for 2043 Edgewood Ave

Year built

1953

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.61 AC

Property size (Sq ft)

1,440 SF

Zone code

RLD-60

Property type

Retail space

APN

027147-0010

APU

271470010

Description

This exceptional mixed-use property, located at 2043 EDGEWOOD Avenue W in Jacksonville, Florida, presents a compelling investment opportunity. Situated on a substantial 13,068 square foot lot, this property boasts a prime location on the Northside of Jacksonville, benefiting from high traffic volume on Edgewood Avenue. The building, constructed in 1953, has recently undergone significant improvements, including a new roof and new air conditioning. A key feature is an existing hand car wash, adding to the property's income potential. The property's zoning allows for a variety of uses, making it highly versatile and attractive to a range of potential buyers or tenants. The asking price is $349,999. This property is ideal for investors seeking a well-maintained, income-generating asset in a desirable Jacksonville location. The combination of its existing business, recent renovations, and favorable zoning makes this a truly unique opportunity. The property's size and location offer significant potential for future development or expansion. Serious inquiries are encouraged. The property is available for sale or lease. The zip code is 32208, and the property is located in Duval County.

• CAP approach

  CAP return

  Valuation

  6%

  $374,066

  6.5%

  $345,292

  7%

  $320,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $246,795

  Geo Method

  $246,795

• Alternative Use

  Use

  Valuation

  Residential

  $291,267

  Hospitality

  $266,799

  Educational

  $221,973

  Medical

  $229,607

  Retail

  $345,292

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3824

Longitude

-81.694

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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