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Freestanding Mixed-Use Property with Courtyard
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1602 Walnut Street, Jacksonville, FL 32206

Vacant commercial property combining restaurant, event, office, and courtyard components in a walkable urban setting.

Property Size6,000 SF
Lot Size0.17 Acres
Days on Market3

Property Features for 1602 Walnut Street

General Information

Standard status Active
Size 6,000 SF
Lot size 0.17 Acres
Property subtype Retail
Zoning CN-S

Building Details

Buildings 1
Listed By: Lara Bahri
Source: Cbre
Added: Sep 20 Last Checked: Sep 22 at 2:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lara Bahri

Investment Insights

Based on property information with market context.

This freestanding mixed-use property dates to 1926 and is currently vacant. The approximately 4,800-square-foot interior includes a 2,400-square-foot restaurant area, a 400-square-foot event room, and two professional offices of approximately 1,000 square feet each. An adjoining 1,200-square-foot garden courtyard extends the usable program outdoors. The property sits on approximately 0.165 acres, or 7,187 square feet, and is zoned CN-S (Commercial Neighborhood, Springfield).

The building occupies a corner position in Jacksonville’s Historic Springfield district, which carries both local and National Register historic designation. Street parking is available, while downtown Jacksonville’s employment core and the Springfield commercial corridor are within walking distance. A Phase I environmental assessment and follow-up Phase II assessment found no contamination requiring remediation. Walk Score is 74, transitScore is 54, and bikeScore is 62.

Key Highlights

  • Approximately 4,800 SF interior program with restaurant, event room, and two professional offices
  • 2,400‑square‑foot restaurant area plus a 400‑square‑foot event room
  • Two professional offices of approximately 1,000 square feet each

Property Analytics

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Current Use

Chef Kenny's Spice ... Grocery & Convenience Store

Suggested Use

Top Pick Carpet & Flooring Store Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Home Appliance Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,149
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 82% Shops & Services 18%
Popeyes Louisiana Kitchen Dining
6,592 visits/mo 0.5 miles
KFC Dining
4,747 visits/mo 0.4 miles
Wells Fargo Shops & Services
2,560 visits/mo 0.3 miles

Demographics for 32206, FL

18,283
Population
9,415
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
6.2 sq mi
ZIP Area
2,949
Density / Sq Mi
$37,585
Median Household Income
$34,353
Median Earnings
$866
Median Rent
$153,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Jacksonville, FL

6.3% 2019
7.5% 2020
5.6% 2021
5.5% 2022
5.8% 2023
5.8% 2024
6.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Vacant commercial property combining restaurant, event, office, and courtyard components in a walkable urban setting.
Where is this mixed-use property located?
The property is located at 1602 Walnut Street Jacksonville, FL.
What are key features of this property?
This property features: Approximately 4,800 SF interior program with restaurant, event room, and two professional offices; 2,400‑square‑foot restaurant area plus a 400‑square‑foot event room; Two professional offices of approximately 1,000 square feet each
More about this property
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