2198 Mayport RdAtlantic Beach, FL 32233

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

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,027,161

  6.5%

  $948,149

  7%

  $880,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $728,044

  Geo Method

  $728,044

• Alternative Use

  Use

  Valuation

  Residential

  $799,799

  Hospitality

  $732,612

  Educational

  $609,524

  Medical

  $630,487

  Retail

  $948,149

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

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