1401 Penman RdJacksonville Beach, FL 32250
- Office properties
- 1,000 SF
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
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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