716 New Berlin RdJacksonville, FL 32218

Property Details for 716 New Berlin Rd

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.46 AC

Property size (Sq ft)

19,200 SF

Zone code

PUD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

107973-0000

APU

1079730000

Description

This exceptional retail property, known as Oak Plaza, presents a compelling investment opportunity in the thriving Jacksonville, Florida market. Located at 716 New Berlin Rd, 32218, this single-tenant retail center boasts a total building area of 18,767 square feet. Currently, a portion of the space, totaling 1,179 square feet, is available for lease, presenting a chance to increase occupancy and rental income. The property's classification includes both Shopping Center and Hair Salon subtypes, indicating its versatility and potential for a range of businesses. The property's strategic location in Jacksonville offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The existing tenant provides a stable income stream, while the vacant space offers significant upside potential for growth. This property is ideal for investors seeking a strong return on investment in a dynamic and growing market. Detailed financial information and lease terms are available upon request. The property's coordinates are 30.4663555 latitude and -81.6239299 longitude. This is a rare opportunity to acquire a well-situated retail property in a desirable Jacksonville location. Don't miss out on this chance to capitalize on the strong retail market in this area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,515,840

  6.5%

  $4,168,468

  7%

  $3,870,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,290,596

  Geo Method

  $3,290,596

• Alternative Use

  Use

  Valuation

  Residential

  $3,516,258

  Hospitality

  $3,220,874

  Educational

  $2,679,729

  Medical

  $2,771,889

  Retail

  $4,168,468

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.4665

Longitude

-81.6238

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].