Downtown Shopping & Dining
1959 NE Jensen Beach Blvd Jensen Beach, FL 34957
For Sale
Contact for pricing
Shopping and dining center anchored by a recently renovated two-story Mulligan’s Beach House bar & grill.
Property Size22,960 SF
Price / SF$653.31
Days on Market1070
Property Features for 1959 NE Jensen Beach Blvd
General Information
Standard status
Active
Size
22,960 SF
Property subtype
OFFICE
Listing Agency:
Jeremiah Baron & Co.
(772) 418-4506
Listed By:
Chris Belland · License #3345950
Source:
Moodyscre
Added: Aug 25, 2023
Changed: Jul 27
Last Checked: Jul 28 at 12:13PM
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 Jeremiah Baron & Co.
Investment Insights
Based on property information with market context.
This downtown shopping and dining center includes multiple retail and restaurant tenants and is anchored by a recently renovated two-story Mulligan’s Beach House bar & grill. Additional listed tenants include Mary’s Gourmet Kitchen, The Goose Pub, We Be Jammin’ Gift Shop, and Kirk’s Dive & Surf Shop.
The property is located in the heart of downtown Jensen Beach, where it benefits from walking traffic, and it sits close to residential communities, including the Seawalk single-home development.
The offering is presented for sale and includes the commercial retail mix currently operating on-site at 1959 NE Jensen Beach Blvd, Jensen Beach, FL 34957.
The property is located in the heart of downtown Jensen Beach, where it benefits from walking traffic, and it sits close to residential communities, including the Seawalk single-home development.
The offering is presented for sale and includes the commercial retail mix currently operating on-site at 1959 NE Jensen Beach Blvd, Jensen Beach, FL 34957.
Key Highlights
- Downtown Jensen Beach shopping and dining center anchored by the recently renovated two‑story Mulligan’s Beach House bar & grill
- Tenant lineup includes Mary’s Gourmet Kitchen, The Goose Pub, We Be Jamm in’ gift shop, and Kirk’s Dive & Surf Shop
- Located in the heart of downtown Jensen Beach with high walking traffic
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $619.9k | $27.00 |
| − Vacancy | −$16.7k | −$0.73 |
| EGI | $603.2k | $26.27 |
| − OpEx | −$181.0k | −$7.88 |
| NOI | $422.2k | $18.39 |
22,960 SF · lease $27.00/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.03M
$5.28M – $7.04M
NOI $422,228 @ 7.0% cap · market cap 2.81%
Second Best
Specialty Retail
$4.39M
$3.84M – $5.12M
NOI $307,480 @ 7.0% cap · market cap 2.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Palm Breeze Plaza — 1119 NE Jensen Beach Blvd, Jensen Beach, FL 34957
- Jensen Beach Plaza — 843 NE Jensen Beach Blvd, Jensen Beach, FL 34957
- Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 1105 NE Jensen Beach Blvd, Jensen Beach, FL 34957
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping and dining center anchored by a recently renovated two-story Mulligan’s Beach House bar & grill.
Where is this shopping center located?
The property is located at 1959 NE Jensen Beach Blvd Jensen Beach, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Downtown Jensen Beach shopping and dining center anchored by the recently renovated two‑story Mulligan’s Beach House bar & grill; Tenant lineup includes Mary’s Gourmet Kitchen, The Goose Pub, We Be Jamm in’ gift shop, and Kirk’s Dive & Surf Shop; Located in the heart of downtown Jensen Beach with high walking traffic
