1367 Orange Ave Green Cove Springs, FL 32043-2546
- Turn key restaurants
- 3,468 SF
- 1.11 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Restaurant / Pizza Takeout
Property Details for 1367 Orange Ave
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.11 lot acres
- Property size
- 3,468 SF
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 37-06-26-015722-001-02
- APU
- 37062601572200102
Description
This exceptional 3,468-square-foot quick-service restaurant (QSR) building is situated on a 1.11-acre lot in the thriving Green Cove Springs, Florida market. The property boasts 43 parking spaces and is ideally located on Orange Avenue (US Highway 17), a high-traffic area with an impressive 29,500 average annual daily traffic (AADT). Its convenient outparcel location offers excellent visibility and accessibility, enhanced by cross-access to the nearby Magnolia Layne Shopping Center and a traffic light at Harbor Road. The property features a lighted pylon sign for maximum brand exposure. This is a second-generation restaurant space, ready for immediate occupancy. The location benefits from its proximity to highly-rated A-rated schools, including Clay High School, and the upcoming completion of the First Coast Expressway (SR-23), a new four-lane bridge over the St. Johns River that will significantly improve connectivity to St. Johns County. The property's single-tenant occupancy and ample parking make it an attractive investment opportunity in a rapidly growing area. The building is currently vacant, presenting a blank canvas for a new QSR concept. This is a rare opportunity to establish a presence in a desirable location with strong demographics and excellent infrastructure. The 1.11-acre lot provides ample space for future expansion or outdoor seating. The property's strategic location and high visibility make it an ideal choice for a variety of QSR businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $955,000
- 6.5%
- $985,000
- 7%
- $1,065,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,120,000
- Geo Method
- $1,070,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,145,000
- Retail
- $870,000
- Mixed-Use
- $1,130,000
- Hospitality
- $1,135,000
- Educational
- $865,000
- Residential Income
- $1,005,000
- Energy
- $885,000
- Income-Based Land
- $870,000
- Food Service
- $1,105,000
Location Insight
- Map
- Local Demand
- City
- Green Cove Springs
- County
- Clay
- State
- Florida
- Longitude
- -81.6951
- Latitude
- 30.0079
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
