Retail Portfolio for Sale on Blanding Blvd.
3631 Blanding Boulevard, Jacksonville, Florida 32210
Sold: $1,065,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
16,514 sqft
Land Size
4.34 acres
Zoning
CCG-1
Property Description
Investment Portfolio consisting of four properties on Blanding Blvd in Jacksonville.
Portfolio includes:
- 3631 Blanding Blvd strip center occupied by Peeples Appliacane, Barber Shop, Hair Braiding Shop & Fun Zone (3625, 3631, 3633, 3635); single-tenant building occupied by Fun Zone (3641)
- 3701 Blanding Blvd single-tenant building occupied by Mr. Sharks restaurant
- 3717 Blanding Blvd vacant 2.83 acre parcel (1.94 AC commercial, .89 AC residential)
- 3719 Blanding Blvd single-tenant building occupied by Cedar Hills Tire & Auto Care
Total property size is 3.34 acres with 16,514/SF of conditioned building space.
Asking price represents a cap rate of 8.25% on the income-producing property plus value of vacant parcel.
CCG-1 zoning would allow for a variety of uses for the vacant parcel, including office, retail self-storage, retail plant nursery, etc.
2016 property taxes were $17,053.
Well-developed commercial and residential area. Just south of Wilson Blvd on the east side of Blanding Blvd.
