1030 University BlvdJacksonville, FL 32211

Property Details for 1030 University Blvd

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 AC

Property size (Sq ft)

2,991 SF

Zone code

CCG-2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

129316-0000

APU

1293160000

Description

This exceptional free-standing restaurant building presents a unique opportunity for a discerning buyer in the vibrant Jacksonville, Florida market. Located at 1030 University Blvd N, 32211, this single-tenant property boasts a generous 2,991 square feet of interior space, perfectly suited for a variety of culinary concepts. The expansive 0.27-acre lot provides ample parking and visibility, ensuring convenient access for customers. The property's classification as "Retail" with a subtype of "restaurant, cafe, coffee shop" highlights its suitability for a range of food service businesses. Its strategic location in Jacksonville offers excellent exposure to a high volume of traffic and a diverse customer base. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a swift transition into operations. This turnkey solution represents a compelling investment opportunity for entrepreneurs seeking a well-positioned, established space to launch or expand their restaurant venture. The property's size and location make it an ideal candidate for a variety of restaurant concepts, from casual dining to upscale eateries. The ample parking ensures customer convenience, a key factor in attracting and retaining clientele. This is a rare opportunity to acquire a prime commercial property in a thriving Jacksonville neighborhood. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $665,828

  6.5%

  $614,611

  7%

  $570,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $512,613

  Geo Method

  $512,613

• Alternative Use

  Use

  Valuation

  Residential

  $518,447

  Hospitality

  $474,895

  Educational

  $395,107

  Medical

  $408,695

  Retail

  $614,611

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3306

Longitude

-81.6038

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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