2777 University BlvdJacksonville, FL 32217

Property Details for 2777 University Blvd

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.59 AC

Property size (Sq ft)

57,024 SF

Zone code

CCG-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

147857-0200

APU

1478570200

Description

The Shoppes of San Jose, a Class A, single-story shopping center in Jacksonville, Florida, presents a compelling investment opportunity. This 56,479 square foot property, located at 2777 University Blvd W, boasts 13 suites and ample parking (249 spaces). Built in 1972 and extensively renovated in 2016, the center features an L-shaped design providing excellent visibility from University Blvd. Currently, two retail spaces are available, ranging from 6,420 to 6,835 square feet, ideal for a variety of businesses. The property benefits from a shadow anchor, a Publix shopping center, driving significant foot traffic. The zoning is CCG-1, County, within Duval County (APN: 147857-0200). This well-maintained center offers a strong foundation for immediate occupancy and long-term growth, making it an attractive addition to any portfolio. The property's location in a thriving area of Jacksonville ensures high visibility and accessibility for potential tenants. The combination of its prime location, recent renovations, and existing tenant base makes this a highly desirable retail investment.

• CAP approach

  CAP return

  Valuation

  6%

  $14,544,546

  6.5%

  $13,425,735

  7%

  $12,466,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,773,070

  Geo Method

  $9,773,070

• Alternative Use

  Use

  Valuation

  Residential

  $11,325,110

  Hospitality

  $10,373,740

  Educational

  $8,630,830

  Medical

  $8,927,657

  Retail

  $13,425,735

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2617

Longitude

-81.6306

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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