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    6347 Philips Hwy Jacksonville, FL 32216

    For Sale
    $2,500,000

    Established Bar & Restaurant, High Traffic

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,600 square foot bar and restaurant, located at 6347 Philips Highway in Jacksonville, Florida, presents a lucrative investment opportunity. Built in 2000 and extensively renovated in 2023, this Class B property sits on a 1.42-acre lot with 120 parking spaces, ensuring ample room for patrons. The property boasts a full kitchen equipped with a hood system, ideal for a thriving food and beverage operation. Its prime location on Philips Highway, a high-traffic area with over 48,320 cars passing daily, guarantees excellent visibility and accessibility. The 191-foot frontage on Philips Highway, just south of University Boulevard, provides exceptional exposure to potential customers. The property is zoned CCG-2, offering versatility for various commercial uses. The asking price is $2,500,000, translating to $260.42 per square foot. This owner-user investment presents a unique chance to acquire a well-established, high-performing commercial property in a desirable Jacksonville location. The single-story building offers 9,600 square feet of net rentable space, providing ample room for operations and potential expansion. The property's strong commercial corridor and ample parking make it an attractive option for both established businesses and new ventures. This is a rare opportunity to own a thriving business in a high-demand area.

    Property Features for 6347 Philips Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    9,600 SF
    Class
    B
    Lot Size
    61,855 SF

    Building Details

    Year Built/Renovated
    2000/2023
    Buildings
    1
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dynasty lounge Lounge The Nowhere Lounge Bar

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop 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
    -81.6100725
    Latitude
    30.2565067

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    FAQs

    What type of property is this?
    Restaurant - Established Bar & Restaurant, High Traffic
    Where is this restaurant 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.
    Request Owner's contact information
    6347 Philips Hwy Jacksonville, FL 32216
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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
    6347 Philips Hwy Jacksonville, FL 32216
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