9,000 SqFt
9,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $111
MLS Listing ID 2165198
HOA Y/N No
Year Built 1959
Annual Tax Amount $8,423
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Retail
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
Excellent opportunity to acquire an income-producing commercial property at 5428 Cleveland Road in Jacksonville. The property offers diversified revenue streams, with current income from established laundry and cash-checking tenants, plus upside from a new restaurant planned to open in the coming months.
The property is projected to generate a 10%+ capitalization rate, offering an attractive combination of current income and future revenue potential. The diversified tenant mix helps reduce reliance on a single income source while positioning the property for continued cash-flow growth as the restaurant becomes operational.
Location
State FL
County Duval
Area 075-Trout River/College Park/Ribault Manor
Direction From I-95, take Kings Rd to W 45th St, right onto Cleveland property on the right.
Exterior
Parking Features Additional Parking
Private Pool No
Building
Lot Description Few Trees
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0301000000
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