5640 Timuquana RdJacksonville, FL 32210

Property Details for 5640 Timuquana Rd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

2,997 SF

Zone code

CO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

103765-0000

APU

1037650000

Description

This exceptional Jacksonville, FL retail investment opportunity presents a 23,810 square foot, multi-tenanted plaza situated on 2.65 acres. The property, comprised of six single-story buildings, boasts 81% occupancy and ample parking (150 spaces, a 6.3/1,000 sq ft ratio). Built in 1983, the property is zoned CO, CCG-1, and PUD, offering flexibility for future development or tenant improvements. Its prime location on Timuquana Road provides easy access to major roadways, including Blanding Boulevard, and places it within close proximity to thriving submarkets such as Ortega, Riverside, and Argyle, as well as the Jacksonville Naval Air Station and Timuquana Country Club. The asking price is $2,995,000. This presents a value-add opportunity for investors to increase profitability by filling vacant spaces and adjusting lease rates to market value. Jacksonville's robust population and employment growth, coupled with its status as a major Florida metro area with no state income tax, makes this a compelling investment prospect. The property's convenient location and ample parking further enhance its appeal. This is a rare chance to acquire a diversified retail asset in a high-growth market.

• CAP approach

  CAP return

  Valuation

  6%

  $951,387

  6.5%

  $878,204

  7%

  $815,475

• Comparable approach

  Method

  Valuation

  Relative Method

  $513,641

  Geo Method

  $513,641

• Alternative Use

  Use

  Valuation

  Residential

  $740,798

  Hospitality

  $678,567

  Educational

  $564,559

  Medical

  $583,976

  Retail

  $878,204

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2471

Longitude

-81.7291

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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