Property summary
Gateway Plaza is a retail shopping center totaling over 15,000 square feet, constructed in 2014, featuring a mix of tenant space including national restaurant and retail operators (such as Chipotle and Noodles & Company). The center offers leasable retail units with available space sizes reaching up to approximately 4,000 square feet, and it is positioned along Western Boulevard, a major retail corridor. The property is located in front of a Target-anchored shopping center and is surrounded by other national retailers and restaurants. Western Boulevard carries an estimated average daily traffic count of about 33,500 vehicles per day. The immediate trade area within roughly three miles includes a population of about 42,842 with an average household income of about $72,902, along with an estimated daytime population of about 59,826.
Property profile
VerifiedCap rate & NOI
Current use
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Ophthalmologist (Bike/Boat/Book/etc) Store
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Restaurant
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Take-out & Catering Catering Service
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Physician
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Ophthalmologist (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CC-C Conditional Corridor Commercial IND-C Conditional Industrial B. Purpose The rezoning of land to a conditional zoning district is intended to provide a landowner and the City an alternative to rezoning the land to a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CC · Jacksonville, NCCC-C Conditional Corridor Commercial IND-C Conditional Industrial B. Purpose The rezoning of land to a conditional zoning district is intended to provide a landowner and the City an alternative to rezoning the land to a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CC-C Conditional Corridor Commercial IND-C Conditional Industrial B. Purpose The rezoning of land to a conditional zoning district is intended to provide a landowner and the City an alternative to rezoning the land to a…
What can be built and operated here — officially.
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