800 Lomax StJacksonville, FL 32204

  • Office properties
  • 16,308 SF
For Lease
$45/SF/YR View listing

Property Details for 800 Lomax St

Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.39 AC
Property size (Sq ft)
16,308 SF
Zone code
CCG-1
Property type
Office properties
Property subtype
Office buildings
APN
090322-0000
APU
903220000

Description

800 Lomax Street in Jacksonville, Florida, presents a unique retail investment opportunity in the vibrant Riverside submarket of Duval County. This 17,200 square foot building, located in the charming historic 5 Points neighborhood, currently houses a well-established antique mall, Fans & Stoves, and offers multiple spaces for lease. A significant portion of the building, totaling 13,977 square feet, is currently vacant, providing substantial potential for new tenants. The property is ideally suited for a variety of retail uses, particularly restaurants, given its existing tenant and location. Individual spaces range from a minimum of 1,240 square feet to a maximum contiguous space of 5,980 square feet, offering flexibility for businesses of various sizes. The property's address is 800 Lomax Street, Jacksonville, FL 32204, situated within the highly desirable Riverside submarket, known for its unique character and strong local patronage. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a presence in a thriving community. The building's existing tenant provides a strong foundation for future success, and the available space presents a chance to create a vibrant and diverse retail environment. This is a rare opportunity to acquire a significant retail presence in one of Jacksonville's most sought-after neighborhoods.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,946,042
    6.5%
    $2,719,423
    7%
    $2,525,179
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,109,107
    Geo Method
    $1,109,107
  • Alternative Use

    Use
    Valuation
    Residential
    $3,372,085
    Hospitality
    $3,088,812
    Educational
    $2,569,855
    Medical
    $2,658,236
    Retail
    $3,997,552
800 Lomax St, Jacksonville, Florida

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3133
Longitude
-81.6807
CBSA code
27260
CBSA name
JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$43,102
$436,700
$2,983,100
$3,419,800
-
$436,700
$2,983,100
$3,419,800

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