2198 Mayport RdAtlantic Beach, FL 32233

  • Grocery and convenience stores
  • 4,248 SF
For Sale
$1,250,000 View listing

Property Details for 2198 Mayport Rd

Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.46 AC
Property size (Sq ft)
4,248 SF
Zone code
CCG-2
Property type
Grocery and convenience stores
APN
169406-0000
APU
1694060000

Description

This exceptional 20,037.6 sq ft commercial property, located at 2198 Mayport Road in Atlantic Beach, Florida (zip code 32233), presents a unique investment opportunity. Situated on a highly visible corner lot at a lighted intersection on busy Mayport Road, this Duval County site offers significant potential. The existing one-story, 1967-built structure boasts solid structural integrity and distinctive mid-century architectural features, making it ideal for renovation and adaptive reuse. Alternatively, the site provides a blank canvas for new construction, allowing for the development of modern commercial space tailored to current market demands. The property's prime location in one of Northeast Florida's most desirable areas ensures high visibility and accessibility, attracting a diverse range of potential tenants. The asking price for this exceptional commercial land and building is $1,250,000. This presents a rare chance to acquire a well-positioned asset with significant upside potential in a thriving coastal community. The property's size and location make it suitable for a variety of commercial uses, offering flexibility and adaptability for future development. This is a truly remarkable opportunity to capitalize on the strong commercial real estate market in Atlantic Beach.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $811,637
    6.5%
    $749,204
    7%
    $695,689
  • Comparable approach

    Method
    Valuation
    Relative Method
    $300,463
    Geo Method
    $300,463
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,474,510
    Mixed-Use / Specialty
    $741,081
    Hospitality / Lodging
    $536,609
    Office
    $730,999
    Institutional / Educational
    $768,477
    Residential Income
    $899,118
    Multifamily
    $1,108,580
    Automotive / Energy
    $658,694
    Parking / Income-Based Land
    $232,694
    Restaurant / Food Service
    $373,806
    Healthcare / Senior Housing
    $765,555

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3465
Longitude
-81.4139
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
$12,241
$400,000
$268,300
$668,300
-
$400,000
$268,300
$668,300

FAQs

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