1401 Penman RdJacksonville Beach, FL 32250

Property Details for 1401 Penman Rd

Year built

1983

Construction

WOOD

Lot size

0.02 AC

Property size (Sq ft)

1,000 SF

Property type

Office properties

APN

177387-0060

APU

1773870060

Description

This exceptional mixed-use property, located at 1401 Penman Road in Jacksonville Beach, Florida, presents a unique investment opportunity. The 871.2 sq ft building, constructed in 1983, is a single-story structure currently operating as a turnkey hair salon with five styling stations. Three stations are currently leased at $700 per month each, generating substantial rental income, with two additional stations available for lease. The property boasts a prime location between Beach Boulevard and Atlantic Boulevard, ensuring high visibility and significant foot traffic. Ample parking is available with over 50 spaces. Recent improvements include a new roof and upgraded ceiling insulation. The property's versatile nature allows for a variety of commercial uses beyond its current configuration. Showings are strictly by appointment only, Saturdays through Mondays. The asking price is $450,000. This is a rare opportunity in a highly desirable location; don't miss out. The property is situated in Duval County, Florida, zip code 32250.

• CAP approach

  CAP return

  Valuation

  6%

  $183,353

  6.5%

  $169,249

  7%

  $157,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $68,010

  Geo Method

  $68,010

• Alternative Use

  Use

  Valuation

  Residential

  $209,869

  Hospitality

  $192,239

  Educational

  $159,941

  Medical

  $165,441

  Retail

  $248,797

Location Insight

City

Jacksonville Beach

County

Duval

State

Florida

Latitude

30.3005

Longitude

-81.4061

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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