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    5166 Norwood Ave Jacksonville, FL 32208

    For Lease
    Contact for pricing

    Prime Duval County Retail Opportunity

    Lot size:
    29,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 29,000 square foot retail space presents a unique investment opportunity in Duval County's thriving Gateway Town Center. Currently vacant, this single-tenant building offers a blank canvas for customization, boasting a convenient grade-level entrance. The property sits on a substantial 17.1-acre lot and features a two-story structure. Its strategic location just off I-95 in the Norwood area ensures high visibility and accessibility. The property benefits from its inclusion within the Gateway Town Center, a vibrant retail hub anchored by national tenants including Winn Dixie, Burlington, Roses, Five Below, Hibbett Sports, Family Dollar, Rainbow, Planet Fitness, Rent-A-Center, and numerous restaurants. This presents a significant advantage for attracting customers and establishing a strong presence. Furthermore, the ongoing redevelopment of Gateway Town Center includes a new two-story indoor self-storage facility and a proposed multifamily residential development, promising increased foot traffic and a revitalized commercial environment. This presents a rare chance to capitalize on the growth and potential of this dynamic location. The "vanilla box" design allows for complete tenant build-out, offering maximum flexibility and customization to suit any retail concept. The substantial lot size also offers potential for future expansion or development. This property is ideal for a variety of retail uses and represents a compelling investment opportunity in a rapidly growing area.

    Property Features for 5166 Norwood Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,000 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    29,000 SF

    HighLights

    • 29,000 square foot single‑tenant retail space.
    • Building is a vacant, 2‑story vanilla box inline retail space with grade‑level access.
    • Located in Norwood, Duval County, just off I‑95.
    • Situated within Gateway Town Center, anchored by national tenants including Winn‑Dixie, Burlington, and others.
    • Gateway Town Center is undergoing redevelopment, including a new self‑storage facility and proposed multifamily development.
    • 17.1‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stage Aurora Theatrical Performing Arts Theater

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6644886
    Latitude
    30.3717051

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    FAQs

    What type of property is this?
    Retail property - Prime Duval County Retail Opportunity
    Where is this retail property located?
    The property is located at 5166 Norwood Ave Jacksonville, FL.
    What are key features of this property?
    This property features: 29,000 square foot single-tenant retail space.; Building is a vacant, 2-story vanilla box inline retail space with grade-level access.; Located in Norwood, Duval County, just off I-95.
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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
    5166 Norwood Ave Jacksonville, FL 32208
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