1638 University BlvdJacksonville, FL 32216

Property Details for 1638 University Blvd

Year built

1973

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

3,483 SF

Zone code

CCG-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

134034-0010

APU

1340340010

Description

This exceptional 3,647-square-foot retail property, zoned CCG-1, presents a prime investment opportunity in Jacksonville, Florida. Located at 1638 University Blvd S, this former restaurant boasts high visibility on a major thoroughfare with over 30,000 daily drivers. Its strategic location is adjacent to Jacksonville Emergency and Family Dental Care and near a Publix-anchored shopping plaza, Walgreens, Wendy's, Dollar Tree, and other national retailers. The property also benefits from proximity to HCA Florida Jacksonville Primary Care and numerous law firms. A large pylon sign ensures excellent brand exposure. The asking price is $979,000 ($268.44/sq ft). The 0.38-acre lot offers ample space. The building includes a 7.5-ton HVAC system. The sale includes all existing fixtures, equipment, and inventory, making this a truly move-in ready opportunity. The current business will cease operations upon sale. This versatile space is ideal for a variety of commercial uses, including restaurants, retail, offices, and automotive businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $888,374

  6.5%

  $820,038

  7%

  $761,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,935

  Geo Method

  $596,935

• Alternative Use

  Use

  Valuation

  Residential

  $691,733

  Hospitality

  $633,623

  Educational

  $527,167

  Medical

  $545,297

  Retail

  $820,038

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3127

Longitude

-81.6001

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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