1602 Walnut St Jacksonville, FL 32206
- Turn key restaurants
- 1,222 SF
- 0.04 lot acres
Current Use by Public Records
- Chef Kenny's Spice Blends / Spice Store
Property Details for 1602 Walnut St
- Year built
- 1926
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.04 lot acres
- Property size
- 1,222 SF
- Zone code
- CN-S
- Property type
- Turn key restaurants
- APN
- 072304-0100
- APU
- 723040100
Description
This exceptional 4,000 square foot retail space, located at the prominent corner of 6th and Walnut Streets in Historic Springfield, presents a unique opportunity for a discerning business owner. The single-tenant property sits on a 0.08-acre lot and boasts a charming, historic character, ideal for a restaurant or café. The space is fully furnished and ready for immediate occupancy, eliminating the need for extensive renovations or setup. Rent is $5,000 per month (plus applicable sales tax and operating expenses), with additional rent based on annual sales exceeding $750,000. Ample street parking ensures convenient access for customers and employees. A significant advantage is the inclusion of a tranquil Zen Garden and an Event Room within the rental price, providing unique amenities to enhance the business and potentially expand service offerings. The property's prime corner location offers excellent visibility and foot traffic, making it an attractive proposition for a variety of businesses seeking a move-in ready, historically significant space with added outdoor and event space. This is a rare opportunity to secure a fully furnished, turn-key retail space in a desirable historic district.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $275,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $255,000
- Mixed-Use
- $270,000
- Hospitality
- $260,000
- Educational
- $275,000
- Residential Income
- $240,000
- Energy
- $255,000
- Income-Based Land
- $270,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6483
- Latitude
- 30.3427
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA