Retail Storefront with On-Site
5940 Merrill Road Jacksonville, FL 32277
5940 Merrill Road, Jacksonville, FL, 32277
$375,000
For Sale
$375,000
Retail storefront property zoned CCG-1 with dedicated on-site parking and prominent street frontage on Merrill Road.
Property Size1,892 SF
Price / SF$198.20
Days on Market49
Property Features for 5940 Merrill Road
General Information
- Standard status
- Active
- Size
- 1,892 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing agency
KELLER WILLIAMS ST JOHNS
(904) 404-1640
Listed by
CHRISTINA WELCH · License #3186165
(904) 404-1640
Source
Giffordproperties
Added: Jun 4 Updated: Jul 22 at 3:59PM Checked: Jul 22 at 3:59PM
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 KELLER WILLIAMS ST JOHNS
Investment Insights
Based on property information with market context.
This retail storefront property at 5940 Merrill Road offers dedicated, on-site parking and prominent street frontage designed for easy customer access. The asset is positioned to serve a range of commercial needs within the existing retail format.
The property is located in the Commercial Community/General-1 (CCG-1) district. Based on the provided zoning description, the area supports a wide range of professional, retail, and service establishments, including banks and offices, as well as community-focused uses such as day care centers, churches, and art studios. Certain specialized operations, such as multi-family residential units integrated with permitted uses or nightclubs, may be allowed by exception.
Prospective tenants and buyers should review the district’s permitted and by-exception uses to confirm fit for their intended business model.
The property is located in the Commercial Community/General-1 (CCG-1) district. Based on the provided zoning description, the area supports a wide range of professional, retail, and service establishments, including banks and offices, as well as community-focused uses such as day care centers, churches, and art studios. Certain specialized operations, such as multi-family residential units integrated with permitted uses or nightclubs, may be allowed by exception.
Prospective tenants and buyers should review the district’s permitted and by-exception uses to confirm fit for their intended business model.
Key Highlights
- Retail storefront property built in 1963 at 5940 Merrill Rd in Jacksonville, FL
- Zoned CCG‑1 (Commercial Community/General‑1) for a wide range of professional, retail, and service establishments
- On‑site dedicated parking for convenient customer and staff access
Local 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 | $34.1k | $18.00 |
| − Vacancy | −$3.5k | −$1.85 |
| EGI | $30.5k | $16.15 |
| − OpEx | −$9.2k | −$4.84 |
| NOI | $21.4k | $11.30 |
1,892 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,281 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
904 Smoke Shop
(Bike/Boat/Book/etc) Store
Bitcoin ATM Jacksonville ...
Atm
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FAQs
What type of property is this?
Storefront property - Retail storefront property zoned CCG-1 with dedicated on-site parking and prominent street frontage on Merrill Road.
Where is this storefront property located?
The property is located at 5940 Merrill Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Retail storefront property built in 1963 at 5940 Merrill Rd in Jacksonville, FL; Zoned CCG‑1 (Commercial Community/General‑1) for a wide range of professional, retail, and service establishments; On‑site dedicated parking for convenient customer and staff access
