5406 Cord Ave Jacksonville, FL 32068
- Retail properties
- 3,700 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5406 Cord Ave
- Lot size
- 1.00 lot acres
- Property size
- 3,700 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This thriving Jacksonville-area bar presents a unique investment opportunity. Located at 5406 Co Rd 218, Middleburg, FL 32068, this 3,700 square foot establishment sits on a one-acre lot with 50 parking spaces. Boasting a strong 11.67% cap rate and a net operating income (NOI) of $210,000, this property offers exceptional earning potential. The bar has a rich history, having operated successfully for over 60 years, cultivating a loyal customer base and a dedicated staff. Features include multiple entertainment options such as over 5 TVs, pool tables, dart boards, and karaoke, along with regular live events like live music, trivia nights, and poker tournaments. The spacious building allows for diverse areas to cater to various preferences, and the ample parking ensures convenient guest access. The asking price is $1,800,000, translating to $486.49 per square foot. This well-established business is a community landmark with significant growth potential. The property is offered for sale by owner. Serious inquiries only from qualified buyers with proof of funds.
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
- Clay
- State
- Florida
- Longitude
- -81.9575
- Latitude
- 30.1047
