210 State E St Jacksonville, FL 32202-3053
This exceptional commercial property at 210 E State Street in Duval County presents a unique investment opportunity. The 3,732 square foot building, constructed in 1985, sits on a sizable 1.64-acre lot (210' x 341.03'). Currently configured as a former fast-food restaurant with a drive-thru, this single-tenant property offers significant potential for redevelopment or continued operation in the quick-service restaurant (QSR) sector. The property boasts ample parking with 61 spaces and benefits from convenient access via traffic lights at each corner of the intersection. Its strategic location provides excellent visibility and accessibility. Nearby established businesses include McDonald's, Harvey's Supermarket, and Family Dollar, indicating a strong retail presence in the area. The proximity to McDonald's, which reportedly generated approximately $3,600,000 in sales (per seller), further underscores the location's commercial viability. Furthermore, the property's location is just blocks from the Pearl Square project, a multi-billion dollar development anticipated to commence construction in the third quarter of 2024. This significant investment promises to further enhance the area's value and attract increased foot traffic and consumer spending. The property is zoned CCG-2. Adjacent land is also available for purchase, presenting an opportunity for expansion or development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CCBD · Jacksonville, FLJacksonville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.