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    1602 Walnut St Jacksonville, FL 32206

    For Lease
    $15 SF/Yr

    Charming 4,000 sq ft space, fully furnished.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4,000 square foot retail space, located at the prominent corner of 6th and Walnut Streets in Historic Springfield, presents a unique opportunity for a discerning business owner. The single-tenant property sits on a 0.08-acre lot and boasts a charming, historic character, ideal for a restaurant or café. The space is fully furnished and ready for immediate occupancy, eliminating the need for extensive renovations or setup. Rent is $5,000 per month (plus applicable sales tax and operating expenses), with additional rent based on annual sales exceeding $750,000. Ample street parking ensures convenient access for customers and employees. A significant advantage is the inclusion of a tranquil Zen Garden and an Event Room within the rental price, providing unique amenities to enhance the business and potentially expand service offerings. The property's prime corner location offers excellent visibility and foot traffic, making it an attractive proposition for a variety of businesses seeking a move-in ready, historically significant space with added outdoor and event space. This is a rare opportunity to secure a fully furnished, turn-key retail space in a desirable historic district.

    Property Features for 1602 Walnut St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,000 SF
    Rate per SF
    $15

    HighLights

    • Retail property at 1602 Walnut Street, Springfield.
    • Single‑tenant occupancy.
    • 4,000 square feet.
    • 0.08‑acre lot.
    • One‑story building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chef Kenny's Spice ... Spice Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6482355
    Latitude
    30.3427335

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    FAQs

    What type of property is this?
    Retail property - Charming 4,000 sq ft space, fully furnished.
    Where is this retail property located?
    The property is located at 1602 Walnut St Jacksonville, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Retail property at 1602 Walnut Street, Springfield.; Single-tenant occupancy.; 4,000 square feet.
    Request Owner's contact information
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    Jacksonville, FL 32206
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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
    1602 Walnut St Jacksonville, FL 32206
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