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    FOR SALE
    Retail space

    5953 Roosevelt Blvd, Jacksonville, FL 32244

    8,800 SF 1.1 ac lot Built 1988
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US18-3187014
    Property summary
    AI-generated overview

    This exceptional 8,800 square foot mixed-use property, located at 5953 Roosevelt Blvd in Jacksonville, Florida, is offered for sale at $1,599,000. The single-story, steel-framed building sits on a 1.1-acre lot and boasts a prime location just half a mile north of NAS JAX, benefiting from high visibility and a daily traffic count of 39,000 vehicles. Built in 1988, the Class C building is currently vacant and ready for immediate customization. The versatile CCG-2 zoning allows for a variety of uses, including retail, auto dealership, or wholesale business. The property includes four newer HVAC systems, three-phase power, and plumbing for two bathrooms. Ample space exists for parking and potential expansion. With eight parking spaces per 1,000 square feet, the property offers convenient parking for customers and employees. The asking price of $1,599,000 equates to $203.98 per square foot. A leasing option is available at $12,000 per month plus sales tax, modified gross. This represents a unique opportunity to acquire a strategically located and adaptable commercial space with significant potential for growth and return on investment. The property is for sale by owner.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1988
    Construction STEEL FRAME
    Total area 8,800 SF
    Lot 1.1 ac (47,735 SF)
    Zoning code CCG-2
    APN 100462-0000
    UPID US18-3187014
    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
    $1.49M
    CAP Approach CAP
    $1.54M
    Comparable Approach Comparable
    $1.04M
    Blend (final) Blend
    $1.54M
    Owner & transaction history
    Kap Title Company LLC · 2 yrs held
    Kap Title Company LLC
    since 2023
    Last sale
    $1.5M
    3 recorded transactions
    2023
    $1.5M
    2021
    $750,000
    1997
    $340,000
    Zoning & alternative use
    CCG-2 · Jacksonville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.2M +39.4%
    Office building $2.1M +30.2%
    Medical building $2.0M +26.2%
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    More about this property
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