619 Cassat Ave Jacksonville, FL 32205
For Lease
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This exceptional portfolio offers an incredible opportunity to acquire two prime retail properties totaling 32,701 square feet situated on a 2.07-acre lot in Jacksonville, Florida. The portfolio includes a 21,000 square foot warehouse and retail showroom featuring a beautifully appointed, air-conditioned first floor with reception area, kitchen, and two bathrooms, along with additional office space. The upper floor boasts another bathroom, a conference room, and eight offices. This impressive space benefits from direct access to I-10 via Exit 358, providing unparalleled visibility and convenient access. The property's prime location offers proximity to downtown Jacksonville and the Jacksonville Port. Additionally, a separately listed 9-unit strip center, currently 88% leased, is included in this portfolio sale. The property is zoned CCG-2 and features three buildings, all single-story structures, built in 1962. The current owner is a potential leaseback candidate for the warehouse space. This is a rare opportunity to own a significant piece of prime Jacksonville real estate with strong potential for immediate income and future growth. Note that there is no signage on the property. The asking price for this exceptional portfolio is $3,995,000.
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FLOORING REMOVALS (Wood, Tile, Laminate, Carpet, Vinyl) General Contractor Renovation Specialist
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Designer Lifestyles LLC - Home Design Center Hardware & Home Improvement Kitchen & Bath Showroom
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…
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
CCG-2 · Jacksonville, FLCommercial 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 machinery and equipment, dairy supplies, feed, fertilizer, plant nurseries, lumber and building supplies and similar products. (3) Service stations, truck stops, automated car wash meeting the performance standards and development criteria set forth in Part 4, auto laundry, mobile car detailing services, major automotive repair, car or truck rental, restaurants, laundromat or dry cleaners, veterinarians, animal boarding kennels meeting the performance standards and development criteria set forth in Part 4, pest control, carpenter or cabinet shops, home equipment rentals, job printing or newspapers, radio or television offices and studios, blood donor stations and similar uses. (4) Commercial, recreational and entertainment facilities such as carnivals or circuses, theaters (including open-air theaters), skating rinks, athletic complexes, arenas, auditoriums, convention centers, go-cart tracks, driving ranges, indoor and outdoor facilities operated by a licensed pari-mutuel permitholder, adult arcade amusement centers operated by a licensed permitholder, game promotions or sweepstakes utilizing electronic equipment, meeting the performance standards and development criteria set forth in Part 4, drawings by chance conducted in connection with the sale of a consumer product or service utilizing electronic equipment, meeting the performance standards and development criteria set forth in Part 4, and similar uses. (5) Fruit, vegetable, poultry or fish markets. (6) All types of professional and business offices. (7) Reserved. (8) Small scale operations including wholesaling, warehousing, storage, distributorship business where the total operation does not require more than 10,000 square feet of floor space, no vehicle is used in excess of one and one-half ton capacity, all merchandise is stored within an enclosed building and no heavy machinery or manufacturing is located on the premises. (9) Hotels and motels. (10) Day care centers and care centers meeting the performance standards and development criteria set forth in Part 4. (11) Hospital, nursing homes, assisted living facilities, group care homes, housing for the elderly or orphans and similar uses. (12) Boatyards.
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.