2973 Philips HwyJacksonville, FL 32207

Property Details for 2973 Philips Hwy

Year built

1941

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

1,671 SF

Zone code

CCG-2

Property type

Retail properties

Property subtype

Auto shops

APN

130395-0000

APU

1303950000

Description

This Jacksonville, Florida commercial property, located at 2973 Philips Hwy, offers a lucrative investment opportunity. The 2,339 square foot building sits on a 0.29-acre lot and is zoned CCG-2. Built in 1941, this single-story structure features a multi-tenancy setup with 1,671 square feet of net rentable space. The asking price is $975,000, translating to $416.84 per square foot. The property currently houses an established service garage business, presenting a turnkey operation ideal for investors or entrepreneurs. The occupancy date is June 14, 2024. Please note that all parcel boundary lines are estimates. The property's APN is 130395-0000. This Duval County location offers significant potential for continued success in the automotive service industry. The property is available as an Owner/User or NNN Lease Opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $443,744

  6.5%

  $409,609

  7%

  $380,352

• Comparable approach

  Method

  Valuation

  Relative Method

  $286,385

  Geo Method

  $286,385

• Alternative Use

  Use

  Valuation

  Residential

  $345,521

  Hospitality

  $316,495

  Educational

  $263,320

  Medical

  $272,376

  Retail

  $409,609

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2988

Longitude

-81.6411

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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