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1367 Orange Ave Green Cove Springs, FL 32043-2546

OFF-MARKET Turn key restaurants Google Maps
3,468 SF 1.11 ac lot Built 2009
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$940k
Range $846k – $1.03M (±10%)
Property ID US18-5408553

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2009
Construction WOOD
Total area 3,468 SF
Lot 1.11 ac (48,526 SF)
Zoning code C-2
APN 37-06-26-015722-001-02
UPID US18-5408553

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$940k

Owner & transaction history

since 2021
Last sale
$1.0M
6 recorded transactions
2021
Price N/A
2012
$1.0M
2012
$1.4M
2009
$500,000
2005
$5.1M
1969
Price N/A

Zoning & alternative use

C-2 · Green Cove Springs, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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