Commercial Entertainment Retail Property For
6347 Philips Hwy Jacksonville, FL 32216
6347 Philips Hwy, Jacksonville, FL, 32216
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For Sale
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9,600 SF entertainment and retail property on 1.42 acres.
Property Size9,600 SF
Lot Size1.42 Acres
Price / SF$260.42
Days on Market702
Property Features for 6347 Philips Hwy
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 1.42 Acres
- Property subtype
- Hospitality, Retail, Special Purpose
Building Details
- Year Built
- 2000
Listing Agency
Goldstein Commercial Properties
Listed by
Barry Goldstein · License #FL BK129656
Source
Crexi
Added: Aug 16, 2024 Checked: Jul 13 at 5:28 am
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 Goldstein Commercial Properties
Investment Insights
Based on property information with market context.
This 9,600 SF commercial entertainment and retail property is available for sale. Constructed in 2000, the property is situated on 1.42 acres and features 191' of frontage on Philips Highway. Currently used as an entertainment venue, the property includes a full kitchen with a hood. It benefits from a location with high traffic, with over 48,320 cars passing by daily on Philips & Bowden. The property features on-site parking and is located in a strong commercial corridor, just south of University Boulevard. The zoning allows for various uses, including CCG-2 Building and IL for the parking lot. This property has the potential to cater to a variety of needs, whether for a new entertainment venture or to expand an existing retail business.
Key Highlights
- High‑traffic location with 48,320+ cars passing by daily.
- 9,600 SF commercial property suitable for entertainment or retail.
- Zoning allows for various uses (CCG‑2 Building and IL for parking lot).
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 | $172.8k | $18.00 |
| − Vacancy | −$17.8k | −$1.85 |
| EGI | $155.0k | $16.15 |
| − OpEx | −$46.5k | −$4.84 |
| NOI | $108.5k | $11.30 |
9,600 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,090 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dynasty lounge
Bar & Pub
The Nowhere Lounge
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - 9,600 SF entertainment and retail property on 1.42 acres.
Where is this retail property located?
The property is located at 6347 Philips Hwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High‑traffic location with **48,320+ cars passing by daily**.; **9,600 SF commercial property** suitable for entertainment or retail.; Zoning allows for various uses (CCG‑2 Building and IL for parking lot).
