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Restaurant or Retail Redevelopment Opportunity
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3216 University Blvd S, Jacksonville, FL 32216

12,000 SF building on 2.83 acres for lease.

Space Size12,000 SF
Lot Size2.83 Acres
Days on Market1307

Property Features for 3216 University Blvd S

General Information

Standard status Active
Size 12,000 SF
Total Parking Spaces 165
Lot size 2.83 Acres
Property subtype Retail, Land, Restaurant
Lease Type NNN

Building Details

Building Size 12,000 SF
Year Built 1985
Tenancy Single

Spaces For Lease

at 3216 University Blvd S Contact us

Available Space

Size
12,000 SF
Type
Land, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Goldstein Commercial Properties
Listed By: Barry Goldstein · License #FL BK129656
Source: Crexi
Added: Jan 24, 2023 Changed: Aug 16 Last Checked: Aug 22 at 4:33PM

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 Goldstein Commercial Properties

Investment Insights

Based on property information with market context.

This property presents an opportunity for either an existing 12,000 square foot free-standing restaurant building or a redevelopment retail property. Situated on approximately 2.83 acres, the site currently houses a Piccadilly Cafeteria with seating for 260 people. The existing restaurant includes a large kitchen equipped with multiple hood systems, as well as walk-in cooler and freezer spaces. Zoned CCG-2, the property allows for a variety of commercial uses due to its high-intensity zoning classification. The location features excellent ingress and egress with 5 entry points, including cross-access easements with adjacent properties. The building can be removed for redevelopment purposes.

Key Highlights

  • Outstanding location on 2.83+/- acres, suitable for redevelopment or continued use as a restaurant.
  • Zoned CCG‑2, allowing for a variety of high‑intensity commercial uses.
  • Existing 12,000 SF free‑standing building, formerly a Piccadilly Cafeteria with seating for 260.

Property Analytics

Current Use

Cheap Auto Insurance Insurance Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Parts Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,449
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 55% Shops & Services 37% Groceries 6% Electronics 2%
McDonald's Dining
29,696 visits/mo 0.1 miles
Starbucks Dining
14,185 visits/mo 0.0 miles
Shell Shops & Services
13,078 visits/mo 0.1 miles
Dunkin' Donuts Dining
9,533 visits/mo 0.3 miles
ABC Fine Wine & Spirits Groceries
8,958 visits/mo 0.3 miles

Demographics for 32216, FL

42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value

Market

Lease Benchmarks for Jacksonville, FL

$11.12 /SF/Yr
Avg Asking Price
$2.18–$15 /SF/Yr
Price Range
5,143 SF
Avg Space Size

This space is priced 80% above the average of $11.12 /SF/Yr.

Vacancy Rate% for Retail in Jacksonville, FL

6.3% 2019
7.5% 2020
5.6% 2021
5.5% 2022
5.8% 2023
5.8% 2024
6.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - 12,000 SF building on 2.83 acres for lease.
Where is this conventional restaurant located?
The property is located at 3216 University Blvd S Jacksonville, FL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Outstanding location on 2.83+/- acres, suitable for redevelopment or continued use as a restaurant.; Zoned CCG‑2, allowing for a variety of high‑intensity commercial uses.; Existing 12,000 SF free‑standing building, formerly a Piccadilly Cafeteria with seating for 260.
More about this property
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