1750 Southside BlvdJacksonville, FL 32216

Property Details for 1750 Southside Blvd

Year built

1984

Construction

STEEL FRAME

Lot size

5.80 AC

Property size (Sq ft)

5,560 SF

Zone code

CCG-2

Property type

Retail properties

Property subtype

Other automotive properties

APN

123119-0100

APU

1231190100

Description

This exceptional 8.35-acre property in Jacksonville, Florida, presents a compelling value-add opportunity. The site includes a 29,751-square-foot warehouse currently leased to Tulsa Welding School until March 1, 2026, with a potential extension. The warehouse boasts 400 feet of frontage on Southside Boulevard and features one open and eight covered 10' x 12' roll-up doors, along with a roof height of 10-12 feet and 3-phase power (240 volts). An additional 4.1175 acres of vacant land offers significant development potential, including 160 feet of frontage on Atlantic Boulevard. The property is zoned PUD & CCG-2 and includes a double-sided billboard on Atlantic Boulevard. The seller is willing to subdivide the property. The current tenant is open to negotiating a new 10-year lease at market rate, with a tenant improvement allowance of $150,000-$225,000 to enhance the showroom. This presents a strong investment opportunity with a potential cap rate between 7.45% and 8.1% prior to closing, depending on the acquisition strategy. The asking price is $8,250,000, resulting in a price per square foot of $277.30. The corporate guarantee provides strong tenant credit.

• CAP approach

  CAP return

  Valuation

  6%

  $1,418,134

  6.5%

  $1,309,047

  7%

  $1,215,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,902

  Geo Method

  $952,902

• Alternative Use

  Use

  Valuation

  Residential

  $1,104,230

  Hospitality

  $1,011,469

  Educational

  $841,530

  Medical

  $870,472

  Retail

  $1,309,047

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3136

Longitude

-81.5603

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].