6000 Lake Gray BlvdJacksonville, FL 32244

Property Details for 6000 Lake Gray Blvd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

17.06 AC

Property size (Sq ft)

3,240 SF

Zone code

PUD

Property type

Retail properties

Property subtype

Banks

APN

099094-5200

APU

990945200

Description

Westland Park Plaza offers exceptional retail opportunities in a thriving Jacksonville, Florida submarket. This single-story, 163,259 square foot center, renovated in 2024, boasts a prime location at the intersection of Blanding Blvd. and Lake Gray Blvd., enjoying 151,000 daily vehicle impressions and easy access to I-295. The property features ample parking with 583 spaces, catering to the needs of both tenants and customers. Currently, four spaces are available, ranging from 1,200 to 55,695 square feet, providing flexibility for various retail concepts. The center is anchored by strong national tenants including LA Fitness, Guitar Center, Plato's Closet, and Once Upon a Child, ensuring high foot traffic and brand synergy. This location serves a robust and affluent trade area exceeding 220,000 residents, with an average household income of $85,000, projected to increase by 17% within the next five years. Jacksonville's robust tourism industry, generating $3.2 billion annually, further strengthens the economic vitality of this area. This is an unparalleled opportunity to establish a presence in one of Florida's fastest-growing and most dynamic retail markets. The property was originally built in 1989. The center's strategic location and strong tenant mix make it an ideal investment for discerning businesses seeking high visibility and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,527

  6.5%

  $949,409

  7%

  $881,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $555,288

  Geo Method

  $555,288

• Alternative Use

  Use

  Valuation

  Residential

  $800,862

  Hospitality

  $733,586

  Educational

  $610,334

  Medical

  $631,325

  Retail

  $949,409

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.1991

Longitude

-81.7417

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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