2808 Edgewood AveJacksonville, FL 32254

Property Details for 2808 Edgewood Ave

Year built

1946

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.10 AC

Property size (Sq ft)

1,112 SF

Zone code

CCG-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

083940-0010

APU

839400010

Description

This exceptional mixed-use property, located at 2808 EDGEWOOD Avenue N in Jacksonville, Florida, presents a compelling investment opportunity. Situated on a substantial 47,916 square foot lot (over an acre), this property boasts a prime location within the 32254 zip code, offering significant development potential. The existing structure, built in 1946, features two units, providing immediate income potential or the possibility for renovation and expansion. The property's zoning is classified as CCG-2, according to tax records, which should be independently verified. The asking price is $519,900. This single-story building presents a rare chance to acquire a sizable commercial parcel in a thriving Jacksonville neighborhood. The expansive lot size allows for various development scenarios, from expanding the existing structure to constructing new buildings, subject to all necessary permits and approvals. Given its size, location, and zoning, this property is well-suited for a variety of commercial uses. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. Further due diligence is recommended to confirm all aspects of the property and its zoning regulations.

• CAP approach

  CAP return

  Valuation

  6%

  $295,298

  6.5%

  $272,583

  7%

  $253,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $190,580

  Geo Method

  $190,580

• Alternative Use

  Use

  Valuation

  Residential

  $229,934

  Hospitality

  $210,618

  Educational

  $175,232

  Medical

  $181,258

  Retail

  $272,583

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.358

Longitude

-81.7316

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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