5953 Roosevelt BlvdJacksonville, FL 32244

Property Details for 5953 Roosevelt Blvd

Year built

1988

Construction

STEEL FRAME

Lot size

1.10 AC

Property size (Sq ft)

8,800 SF

Zone code

CCG-2

Property type

Retail space

APN

100462-0000

APU

1004620000

Description

This exceptional 8,800 square foot mixed-use property, located at 5953 Roosevelt Blvd in Jacksonville, Florida, is offered for sale at $1,599,000. The single-story, steel-framed building sits on a 1.1-acre lot and boasts a prime location just half a mile north of NAS JAX, benefiting from high visibility and a daily traffic count of 39,000 vehicles. Built in 1988, the Class C building is currently vacant and ready for immediate customization. The versatile CCG-2 zoning allows for a variety of uses, including retail, auto dealership, or wholesale business. The property includes four newer HVAC systems, three-phase power, and plumbing for two bathrooms. Ample space exists for parking and potential expansion. With eight parking spaces per 1,000 square feet, the property offers convenient parking for customers and employees. The asking price of $1,599,000 equates to $203.98 per square foot. A leasing option is available at $12,000 per month plus sales tax, modified gross. This represents a unique opportunity to acquire a strategically located and adaptable commercial space with significant potential for growth and return on investment. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $2,793,529

  6.5%

  $2,578,642

  7%

  $2,394,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,508,190

  Geo Method

  $1,508,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,175,181

  Hospitality

  $1,992,454

  Educational

  $1,657,699

  Medical

  $1,714,710

  Retail

  $2,578,642

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2418

Longitude

-81.6953

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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