210 State StJacksonville, FL 32202

Property Details for 210 State St

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.58 AC

Property size (Sq ft)

4,089 SF

Zone code

CCBD

Property type

Retail properties

Property subtype

Drive through restaurants

APN

074176-0000

APU

741760000

Description

This exceptional commercial property at 210 E State Street in Duval County presents a unique investment opportunity. The 3,732 square foot building, constructed in 1985, sits on a sizable 1.64-acre lot (210' x 341.03'). Currently configured as a former fast-food restaurant with a drive-thru, this single-tenant property offers significant potential for redevelopment or continued operation in the quick-service restaurant (QSR) sector. The property boasts ample parking with 61 spaces and benefits from convenient access via traffic lights at each corner of the intersection. Its strategic location provides excellent visibility and accessibility. Nearby established businesses include McDonald's, Harvey's Supermarket, and Family Dollar, indicating a strong retail presence in the area. The proximity to McDonald's, which reportedly generated approximately $3,600,000 in sales (per seller), further underscores the location's commercial viability. Furthermore, the property's location is just blocks from the Pearl Square project, a multi-billion dollar development anticipated to commence construction in the third quarter of 2024. This significant investment promises to further enhance the area's value and attract increased foot traffic and consumer spending. The property is zoned CCG-2. Adjacent land is also available for purchase, presenting an opportunity for expansion or development.

• CAP approach

  CAP return

  Valuation

  6%

  $1,085,857

  6.5%

  $1,002,330

  7%

  $930,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,794

  Geo Method

  $700,794

• Alternative Use

  Use

  Valuation

  Residential

  $845,502

  Hospitality

  $774,476

  Educational

  $644,355

  Medical

  $666,515

  Retail

  $1,002,330

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.332

Longitude

-81.6531

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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