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Property profile & analytics
OFF-MARKET
Turn key restaurants

1602 Walnut St Jacksonville, FL 32206-4641

1,222 SF 0.04 ac lot Built 1926
Entity Owned 14-yr Hold Free & Clear
Property ID
US18-9798227
Property summary
AI-generated overview

This exceptional 4,000 square foot retail space, located at the prominent corner of 6th and Walnut Streets in Historic Springfield, presents a unique opportunity for a discerning business owner. The single-tenant property sits on a 0.08-acre lot and boasts a charming, historic character, ideal for a restaurant or café. The space is fully furnished and ready for immediate occupancy, eliminating the need for extensive renovations or setup. Rent is $5,000 per month (plus applicable sales tax and operating expenses), with additional rent based on annual sales exceeding $750,000. Ample street parking ensures convenient access for customers and employees. A significant advantage is the inclusion of a tranquil Zen Garden and an Event Room within the rental price, providing unique amenities to enhance the business and potentially expand service offerings. The property's prime corner location offers excellent visibility and foot traffic, making it an attractive proposition for a variety of businesses seeking a move-in ready, historically significant space with added outdoor and event space. This is a rare opportunity to secure a fully furnished, turn-key retail space in a desirable historic district.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1926
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,222 SF
Lot 0.04 ac (1,539 SF)
Zoning code CN-S
APN 072304-0100
UPID US18-9798227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chef Kenny's Spice Blends Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
J Properties II LLC · 14 yrs held
J Properties II LLC
since 2012
4 recorded transactions
2012
$272,000
2008
$250,000
2007
Price N/A
2006
Price N/A
Zoning & alternative use
CN-S · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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