1401 Penman RdJacksonville Beach, FL 32250

  • Office properties
  • 1,000 SF
For Sale
$450,000 View listing

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
1401 Penman Rd, Jacksonville Beach, Florida

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

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
$4,286
-
$290,000
$290,000
-
-
$290,000
$290,000

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