Oak Plaza Retail
For Sale
Contact for pricing
716 New Berlin Rd, Jacksonville, FL 32218
Retail opportunity at 716 New Berlin Rd in Jacksonville, Florida.
Property SizeContact for details
Days on Market143
Property Features for 716 New Berlin Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Foresight Real Estate LLC
Listed By:
Karen Hong · License #FL SL3325286
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:49PM
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 Foresight Real Estate LLC
Investment Insights
Based on property information with market context.
Oak Plaza is a retail space located at 716 New Berlin Rd in Jacksonville, Florida. The property is positioned within a Jacksonville retail market that recorded 580,000 SF of net absorption during the year ended in the fourth quarter of 2023, with vacancy reported at 4.2%.
Jacksonville’s retail market also recorded 7.4% year-over-year rent growth at the end of the third quarter of 2023, compared with a 3.4% national average. Fitness, grocery, and discount retailers accounted for much of the recent demand, while 530,000 SF of additional retail space remained in the development pipeline. The market’s average cap rate was reported at 6.5%.
Jacksonville’s retail market also recorded 7.4% year-over-year rent growth at the end of the third quarter of 2023, compared with a 3.4% national average. Fitness, grocery, and discount retailers accounted for much of the recent demand, while 530,000 SF of additional retail space remained in the development pipeline. The market’s average cap rate was reported at 6.5%.
Key Highlights
- Oak Plaza retail space at 716 New Berlin Rd, Jacksonville, FL 32218
- Jacksonville recorded 580,000 SF of retail net absorption in the year ended Q4 2023
- Retail vacancy in Jacksonville was reported at 4.2%
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 16%
Home Improvements & Furnishings 5%
Dollar General
Shops & Services
8,854 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,352 visits/mo
0.3 miles
Domino's Pizza
Dining
1,782 visits/mo
0.4 miles
Hungry Howie's Pizza
Dining
1,177 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
888 visits/mo
0.1 miles
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail opportunity at 716 New Berlin Rd in Jacksonville, Florida.
Where is this retail space located?
The property is located at 716 New Berlin Rd Jacksonville, FL.
What are key features of this property?
This property features: Oak Plaza retail space at 716 New Berlin Rd, Jacksonville, FL 32218; Jacksonville recorded 580,000 SF of retail net absorption in the year ended Q4 2023; Retail vacancy in Jacksonville was reported at 4.2%
