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Property profile & analytics
FOR SALE
Strip malls

1985 Blanding Blvd Jacksonville, FL 32210

4,780 SF 0.25 ac lot Built 1942
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-3459835
1985 Blanding Blvd, Jacksonville, FL 32210 For Sale
Contact for pricing 4,780 SF
1985 Blanding Blvd, Jacksonville, FL 32210
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Property summary
AI-generated overview

This exceptional 1.03-acre retail property in Jacksonville, Florida, presents a lucrative investment opportunity. Located at 1985 Blanding Blvd, 32210, in Duval County, this strategically positioned parcel offers significant potential for diverse commercial uses. The property boasts 287 feet of frontage on Blanding Boulevard and an additional 125 feet on San Juan Avenue, ensuring high visibility and accessibility. The site is zoned CCG-1, permitting a range of retail developments, including auto shops and quick-service restaurants, as evidenced by its current configuration. Two existing buildings are available for lease, providing immediate income potential. Building 1 offers approximately 7,000 square feet of retail space, while Building 2 provides approximately 1,400 square feet. The property's location is further enhanced by its proximity to a new retail development and Roosevelt Mall, ensuring high foot traffic and consumer visibility. City water and sewer services are readily available on-site. The seller is willing to subdivide the parcel, offering flexibility for various development scenarios. This property represents a rare opportunity to acquire a well-located, multi-use retail asset in a thriving Jacksonville market. The asking price is $2,500,000.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1942
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,780 SF
Lot 0.25 ac (10,963 SF)
Zoning code CCG-2
APN 093696-0000
UPID US18-3459835
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
$965k
Comparable Approach Comparable
by Request
Blend (final) Blend
$960k
Owner & transaction history
Kassab Enterprise And Management Ll · 3 yrs held
Kassab Enterprise And Management Ll
since 2023
Last sale
$950,000
5 recorded transactions
2023
Price N/A
2023
$950,000
2018
Price N/A
2018
Price N/A
2013
Price N/A
Zoning & alternative use
CCG-2 · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial Community/General-2 (CCG-2) District. (a) Permitted uses and structures. (1) Commercial Retail Sales and Service Establishments (2) Retail sales of new or used automobiles, trucks and tractors, mobile homes, boats, pawnshops subject to Part 4, automotive vehicle parts (but not automobile wrecking yards, junkyards or scrap processing yards), heavy…

Zone name Commercial Community General 2
General category COMMERCIAL
Zone area 5,623.40 ac
Source Zoning Ordinance
Top alternative use upside
Commercial (general) $1.6M +166.6%
Medical building $1.1M +86.7%
Auto repair, garage $1.0M +74.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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