2973 Philips Hwy Jacksonville, FL 32207
- Auto shops
- 1,671 SF
- 0.29 lot acres
Current Use by Public Records
- Nationwide Interlock / Safety Equipment Supplier
- 904 x 4 / Truck Accessories Store / Auto Parts Store
Property Details for 2973 Philips Hwy
- Year built
- 1941
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 lot acres
- Property size
- 1,671 SF
- Zone code
- CCG-2
- Property type
- Auto shops
- APN
- 130395-0000
- APU
- 1303950000
Description
This Jacksonville, Florida commercial property, located at 2973 Philips Hwy, offers a lucrative investment opportunity. The 2,339 square foot building sits on a 0.29-acre lot and is zoned CCG-2. Built in 1941, this single-story structure features a multi-tenancy setup with 1,671 square feet of net rentable space. The asking price is $975,000, translating to $416.84 per square foot. The property currently houses an established service garage business, presenting a turnkey operation ideal for investors or entrepreneurs. The occupancy date is June 14, 2024. Please note that all parcel boundary lines are estimates. The property's APN is 130395-0000. This Duval County location offers significant potential for continued success in the automotive service industry. The property is available as an Owner/User or NNN Lease Opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $330,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $305,000
- Mixed-Use
- $330,000
- Hospitality
- $265,000
- Educational
- $260,000
- Residential Income
- $290,000
- Energy
- $330,000
- Income-Based Land
- $270,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6411
- Latitude
- 30.2988
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA