1040 Edgewood AveJacksonville, FL 32254

Property Details for 1040 Edgewood Ave

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

3,124 SF

Zone code

CCG-1

Property type

Retail properties

Property subtype

Retail space

APN

048886-0400

APU

488860400

Description

This exceptional commercial property, located at 1040 Edgewood Avenue North in Jacksonville, Florida, presents a unique investment opportunity. The single-story, 3,179 square foot building, constructed in 1985, sits on a substantial 21,780 square foot lot and is zoned CCG-1. Its prime location on busy Edgewood Avenue ensures high visibility and significant foot traffic, making it ideal for a variety of retail businesses. The property includes ample parking with 19 spaces, a significant advantage in a high-traffic area. Further enhancing its appeal, complete engineering plans for a laundromat are included with the sale, providing a ready-made blueprint for a potential tenant or owner-operator. The seller is open to considering financing options and contributing to the build-out of a laundromat for a qualified buyer, making this an attractive proposition for entrepreneurs seeking a turnkey operation. This property offers a blend of established infrastructure and future potential, making it a compelling investment in a thriving Jacksonville location. The zip code is 32254. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $829,596

  6.5%

  $765,781

  7%

  $711,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,407

  Geo Method

  $535,407

• Alternative Use

  Use

  Valuation

  Residential

  $645,965

  Hospitality

  $591,700

  Educational

  $492,288

  Medical

  $509,218

  Retail

  $765,781

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3379

Longitude

-81.7315

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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