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$ 2,550,000
Est. payment | /mo
12,639 SqFt
$ 2,550,000
Est. payment | /mo
12,639 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,639 sqft
Price per Sqft $201
MLS Listing ID 2170495
Year Built 1985
Annual Tax Amount $23,328
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type Retail
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
Fully leased multi-tenant retail asset strategically positioned at the intersection of I-10 and Cassat Avenue in West Jacksonville. The approximately 12,236 SF property is 100% occupied by seven tenants, providing investors with a diversified and established income stream from day one. Property generates approximately $171,109 in annual NOI, representing an attractive 6.70% cap rate. The property benefits from excellent visibility and accessibility along Cassat Avenue, immediately adjacent to the I-10 interchange. I-10 carries approximately 136,000 vehicles per day, providing significant exposure and convenient connectivity to Downtown Jacksonville, surrounding employment centers, and the greater Jacksonville market. A prominent pylon sign along Cassat Avenue further enhances tenant visibility and identification.
Location
State FL
County Duval
Area 052-Lakeshore
Direction From I-10 W, take the Cassat Ave exit. Turn left onto Cassat. Property will be on the right.
Exterior
Parking Features Parking Lot, Unassigned
Private Pool No
Building
Lot Description Corner Lot
Others
Tax ID 0602410000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by PETRA MANAGEMENT INC. • ELIAS HIONIDES