8595 Beach BlvdJacksonville, FL 32216

Property Details for 8595 Beach Blvd

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

28.99 AC

Property size (Sq ft)

5,200 SF

Zone code

CCG-1

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

136155-1000

APU

1361551000

Description

This exceptional retail investment opportunity, known as Gates of the Promenade, is situated at 8595 Beach Blvd in Jacksonville, Florida (32216), Duval County. The property boasts a total of 115,835 square feet across three single-story buildings, situated on a generous 29 acres of land. The property is zoned CCG-1 and features a diverse tenancy, currently including a strong anchor lineup of IGA, Planet Fitness, and Dollar General. Two retail spaces are immediately available, ranging in size from 2,080 to 3,607 square feet, presenting a unique chance for expansion or new business ventures. The center enjoys a prime location directly on Beach Blvd, a high-traffic thoroughfare with over 65,500 vehicles passing daily. Its proximity to a Walmart Supercenter further enhances its visibility and accessibility. This property offers a compelling combination of established tenants, high traffic counts, and available space, making it an ideal investment for discerning buyers seeking a strong return in a thriving Jacksonville market. The property's APN is 136155-1000. The property is categorized as a shopping center, grocery store, and drive-thru, suitable for a variety of retail and restaurant uses.

• CAP approach

  CAP return

  Valuation

  6%

  $881,953

  6.5%

  $814,110

  7%

  $755,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $406,700

  Geo Method

  $406,700

• Alternative Use

  Use

  Valuation

  Residential

  $1,032,733

  Hospitality

  $945,978

  Educational

  $787,043

  Medical

  $814,110

  Retail

  $1,224,288

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2886

Longitude

-81.5662

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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