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    OFF-MARKET
    Lifestyle centers

    629 Cassat Ave, Jacksonville, FL 32205

    10,500 SF 0.46 ac lot Built 1962
    Property ID
    Property summary
    AI-generated overview

    This prime Jacksonville retail investment opportunity features a 9-unit strip center totaling 10,500 square feet on a 0.46-acre lot. Currently 77% occupied with seven tenants, this property offers significant value-add potential. The gross lease structure provides a steady income stream, with a current asking price of $1,100,000 ($104.76/sq ft). Built in 1962, the single-story property consists of four buildings and benefits from a CCG-2 zoning designation. Its strategic location at 629 Cassat Ave provides exceptional visibility and accessibility, with direct access to I-10 via Exit 358, ensuring high traffic flow and customer visibility. Ample on-site parking is available for tenants and customers. The net rentable area is 8,908 square feet. This property presents a compelling opportunity for investors seeking strong cash flow and potential for rental rate increases and improved return on investment. The property's location in a vibrant commercial area, combined with its high-traffic exposure, makes it an attractive investment for both seasoned and new investors. The property's parcel number is 060808 0000.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1962
    Total area 10,500 SF
    Lot 0.46 ac (20,038 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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