Renovated Grocery Store
2326 BLANDING Boulevard Jacksonville, FL 32210
2326 BLANDING Boulevard, Jacksonville, FL, 32210
$1,900,000
For Sale
$1,900,000
Real estate only sale includes a renovated grocery store building with ADA accessibility, ample parking, and a 2-bay loading dock.
Property Size4,324 SF
Lot Size0.71 Acres
Price / SF$439.41
Days on Market18
Property Features for 2326 BLANDING Boulevard
General Information
- Standard status
- Active
- Size
- 4,324 SF
- Lot size
- 0.71 Acres
Building Details
- Year Built
- 1960
Listing agency
LINDA STRICKLAND REALTY
Listed by
LINDA STRICKLAND
Source
Endlesssummerrealty
Added: Jul 6 Updated: Jul 22 at 7:31PM Checked: Jul 22 at 7:31PM
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 LINDA STRICKLAND REALTY
Investment Insights
Based on property information with market context.
Real estate only for sale and includes a 4,324-square-foot grocery store building. The property was renovated and updated in 2002 and is ADA accessible, with 2 handicapped-designated parking spaces plus 24 additional parking spaces. There are two HVAC units, including one approximately one year old. Access includes a 2-bay loading dock with metal roll doors.
The site consists of approximately 0.705 acres and has frontage on Blanding Boulevard and San Juan and Birkenhead Avenues.
The property is being offered with an existing operating history, as the business has been in operation for over 50 years as Lake Shore Produce Market.
The site consists of approximately 0.705 acres and has frontage on Blanding Boulevard and San Juan and Birkenhead Avenues.
The property is being offered with an existing operating history, as the business has been in operation for over 50 years as Lake Shore Produce Market.
Key Highlights
- Real estate only sale includes a 4,324 SF renovated grocery store building (year built 1960).
- Renovated and updated in 2002; ADA accessible with 2 designated handicapped parking spaces.
- Parking includes 2 handicapped spaces plus 24 additional parking spaces.
Local Financial Insights For Specialty 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 | $83.0k | $19.20 |
| − Vacancy | −$7.5k | −$1.73 |
| EGI | $75.5k | $17.47 |
| − OpEx | −$18.9k | −$4.37 |
| NOI | $56.7k | $13.10 |
4,324 SF · lease $19.20/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$809.5K
$708.3K – $944.4K
NOI $56,662 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$698.2K
$610.9K – $814.5K
NOI $48,871 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,917 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lake Shore Produce ...
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Real estate only sale includes a renovated grocery store building with ADA accessibility, ample parking, and a 2-bay loading dock.
Where is this grocery and convenience store located?
The property is located at 2326 BLANDING Boulevard Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Real estate only sale includes a 4,324 SF renovated grocery store building (year built 1960).; Renovated and updated in 2002; ADA accessible with 2 designated handicapped parking spaces.; Parking includes 2 handicapped spaces plus 24 additional parking spaces.
