5951 Arlington Expy Jacksonville, FL 32211
- Office buildings
- 5,190 SF
- 0.91 lot acres
Current Use by Public Records
- 5951 Arlington Expy Parking / Parking Lot
- Bug Out / Pest Control Service / Bird Control Service
Property Details for 5951 Arlington Expy
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.91 lot acres
- Property size
- 5,190 SF
- Zone code
- CCG-2
- Property type
- Office buildings
- APN
- 136567-0000
- APU
- 1365670000
Description
This exceptional mixed-use property, located at 5951 Arlington Expressway in Jacksonville, Florida, presents a compelling investment opportunity. The 5,549 square foot property, situated on a 0.96-acre lot, comprises two buildings and offers a blend of auto shop and storefront space, classified as a Class C property with CCG2 zoning. Built in 1965 and renovated in 1994, the property boasts 100% occupancy with a single tenant under a lease expiring January 31, 2026. The current Net Operating Income (NOI) stands at $58,053, yielding a 4.84% cap rate, and the asking price is $1,200,000 ($216.26 per square foot). The property benefits from high visibility and a central location, ideally situated to serve Arlington, Southside, the beaches, and downtown Jacksonville. The existing lease includes a landlord's right to terminate to avoid auto-renewal, requiring notice to the tenant by October 31, 2025. This presents a potential for future redevelopment or renovation upon tenant vacancy. The fenced lot adds to the property's versatility and appeal. This is a stable investment with a consistent NOI and the possibility of rent increases in 2025.
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
- -81.5975
- Latitude
- 30.3279
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
