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33290182
32837929

9633 Old Saint Augustine Road, Jacksonville, FL 32257

CP
FL SL 3537442
Rore Investment Group
Listed by Rore Investment Group
$1,500,000
4 days on market
Updated 1 day ago

Prime Location Retail Center

Details
Property Type Retail
Sub Type Storefront
Square Footage 6,555
Cap Rate 6.5%
NOI $97,500
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 8.67%
Pro-Forma NOI $130,000
Class A
Year Renovated 2023
Acreage 0.650
Parking Spaces spaces
Ground Lease No

About This Property

Marketing description

Located at 9633 Old St Augustine Rd, this partially owner occupied and newly renovated 6,555 sq ft retail space offers an exceptional investment opportunity in Jacksonville's dynamic commercial scene. Built in 1986, it resides in a thriving enterprise zone, ensuring consistent business traffic. The property boasts a substantial lot size of 28,225 sq ft, enhancing its appeal for a wide range of commercial endeavors. The property has two tenants, Tranquil Wellness Spa and the owner, Rore Investing. The owner is willing to stay as a tenant for $3,500 a month or vacate by closing, whichever is more convenient for the buyer. Currently the spa is paying a reduced rate due to an agreement with the owner, however their rent can be increased or a new lease negotiated upon the sale of the property.

Investment highlights

  • Prime location in Jacksonville's high income Mandarin neighborhood
  • Newly renovated beautiful building
  • Owner-occupied portion can be delivered vacant, or the owner will agree to continue to lease it for $3,500/m

Listing Contacts

CP
FL SL 3537442
Rore Investment Group
Listed by Rore Investment Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,500.00
$8,125.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Charles Pessin
License
SL 3537442
Brokerage Phone
3475041692
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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