629 Cassat Ave Jacksonville, FL 32205
- Lifestyle centers
- 10,500 SF
- 0.46 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 629 Cassat Ave
- Year built
- 1962
- Lot size
- 0.46 lot acres
- Property size
- 10,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.7307
- Latitude
- 30.3163
