500 Edgewood AveJacksonville, FL 32205

Property Details for 500 Edgewood Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

2,523 SF

Zone code

CCG-1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

061995-0000

APU

619950000

Description

This exceptional mixed-use property, located at 500 S EDGEWOOD Avenue in Jacksonville, Florida, presents a unique investment opportunity. Built in 1957, this commercial warehouse offers significant potential for redevelopment or continued use. The property is zoned for mixed-use, allowing for a variety of commercial applications, including retail, office, and industrial uses. Situated in Duval County, zip code 32205, the property's address is 500 S EDGEWOOD Avenue. While the lot size is not currently specified, the asking price is $349,999. The property's versatility makes it ideal for entrepreneurs seeking a flexible space to establish their business or investors looking for a strong return on investment in a thriving Jacksonville market. Its central location provides easy access to major transportation routes and a diverse range of amenities. The building's age presents an opportunity for modernization and customization to meet specific business needs. This is a rare chance to acquire a well-positioned mixed-use property in a dynamic urban area. Further details regarding the property's exact dimensions and internal layout are available upon request. The property's potential is limited only by the imagination and business acumen of the prospective buyer. Don't miss this chance to own a piece of Jacksonville's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $695,012

  6.5%

  $641,549

  7%

  $595,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $432,405

  Geo Method

  $432,405

• Alternative Use

  Use

  Valuation

  Residential

  $541,171

  Hospitality

  $495,710

  Educational

  $412,425

  Medical

  $426,608

  Retail

  $641,549

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3177

Longitude

-81.7248

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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