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    5320 Norwood Ave Jacksonville, FL 32208

    For Lease
    Contact for pricing

    Jacksonville, FL Shopping Center - 110,894 SF Available

    Lot size:
    110,894 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Gateway Town Center, a Duval County, Florida retail property located at 5320 Norwood Avenue, Jacksonville, FL 32208, offers an exceptional opportunity for businesses seeking high-visibility space. This 110,894 square foot shopping center, situated on a 576,045 square foot lot, is strategically positioned just east of I-95 with convenient access from two highway exits. The property features a diverse mix of existing national and regional tenants, including Winn Dixie, Family Dollar, Rose's Discount Store, Rainbow Clothing, Hibbett Sports, Five Below, Burlington, Dollar Tree (coming soon), Truist, Footlocker, USPS, and Humana. Currently, the entire 110,894 square feet is vacant and available for lease. Spaces are divisible, with a minimum of 971 square feet and a maximum contiguous space of 16,146 square feet. The center is undergoing redevelopment, presenting opportunities for both anchor and in-line tenants, as well as free-standing outparcel spaces. The property also benefits from its proximity to the Jacksonville Transportation Authority's Public Terminal at the intersection of West 44th Street & Norwood Avenue. This grocery-anchored center provides excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is classified as a shopping center with outparcel and drive-thru capabilities.

    Property Features for 5320 Norwood Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,894 SF

    Unit(s) available at that property

    Space
    36B
    Size
    2,991 SF
    Space
    17
    Size
    2,484 SF
    Space
    10
    Size
    5,000 SF
    Space
    Space: 5258-6
    Size
    5,500 SF
    Space
    18
    Size
    4,903 SF
    Space
    25
    Size
    2,112 SF
    Space
    16
    Size
    4,493 SF
    Space
    Space: 27
    Size
    971 SF
    Space
    Space: 38
    Size
    3,161 SF
    Space
    Space: 2A
    Size
    3,012 SF
    Space
    3
    Size
    8,920 SF
    Space
    Space: 6
    Size
    3,877 SF
    Space
    Space: 50
    Size
    9,378 SF
    Space
    Space: 26
    Size
    2,395 SF
    Space
    Space: 23
    Size
    3,750 SF

    HighLights

    • High‑visibility location directly off I‑95.
    • 576,862 square feet of gross leasable area (GLA).
    • Outparcel opportunity available.
    • 36,000 average annual daily traffic (AADT) at the intersection.
    • 576,862 square feet of GLA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McDonald's Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6643969
    Latitude
    30.3713259

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    FAQs

    What type of property is this?
    Lifestyle center - Jacksonville, FL Shopping Center - 110,894 SF Available
    Where is this lifestyle center located?
    The property is located at 5320 Norwood Ave Jacksonville, FL.
    What are key features of this property?
    This property features: High-visibility location directly off I-95.; 576,862 square feet of gross leasable area (GLA).; Outparcel opportunity available.
    Request Owner's contact information
    5320 Norwood Ave Jacksonville, FL 32208
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    Jacksonville, FL 32208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5320 Norwood Ave Jacksonville, FL 32208
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