4004 University BlvdJacksonville, FL 32216

Property Details for 4004 University Blvd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.77 AC

Property size (Sq ft)

2,398 SF

Zone code

CCG-1

Property type

Office properties

Property subtype

Office buildings

APN

137125-0000

APU

1371250000

Description

This exceptional 2,400 square foot single-tenant medical office building presents a unique investment opportunity. Situated on a 0.77-acre lot at 4004 University Blvd S, with convenient access to Kennerly Road, this property boasts a highly desirable location. The building, previously utilized as a professional office and a medical office, offers ample space for a variety of uses. Its zoning, CCG-1, allows for a multitude of commercial applications, making it suitable for a range of businesses. The property features 22+ parking spaces with the potential for significant expansion to accommodate increased demand. The building is equipped with 600-amp power, ensuring sufficient capacity for modern business operations. Its strategic location near Memorial Hospital and Beach Boulevard, coupled with a high traffic count of 33,000 AADT, guarantees excellent visibility and accessibility. The owner is open to considering a ground lease for the right tenant. This property is an ideal choice for businesses seeking a prominent location with significant growth potential. The building is currently vacant, providing immediate occupancy for the new owner or tenant. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $416,078

  6.5%

  $384,072

  7%

  $356,638

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,088

  Geo Method

  $163,088

• Alternative Use

  Use

  Valuation

  Residential

  $476,249

  Hospitality

  $436,241

  Educational

  $362,948

  Medical

  $375,430

  Retail

  $564,585

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2837

Longitude

-81.6032

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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