Listed by Keller Williams Realty Atlantic Partners Southside
$1,600,000
1131 3RD Street N
Details
APN 1745710000
Property Type Retail
Sub Type Storefront
Square Footage 4,405
Net Rentable (SqFt) 4,405
Units 3
Tenancy Multi
Lease Type Gross
Year Built 1963
Acreage 0.290
Zoning JC-1
Parking Spaces 23 spaces
Parking per 1,000 SqFt 5.22
Ground Lease No
Retail | 4,405 SqFt
Marketing description
INVESTOR SPECIAL!! A great opportunity to own a rare retail center on the east side of 3rd St in vibrant Jacksonville Beach. Currently the property is leased to 2 tenants- one lease ( 1,405 s f ) expires in 4/30/30 and has 3% increases yearly at $28 per s.f. and the other lease ( 1,000 s.f.) expires in 7/31/28 and also has 3% yearly increases at $30 per s.f. The remaining space is currently vacant- owners have not advertised the available space for lease so a great opportunity for a new owner to generate quite a bit of additional income. Gross income from leases should easily exceed over $100K! Plenty of parking with 23 parking spots. Access can be gained from 2 separate locations off 3rd St! Signage on 3rd St is also in place. This is a great opportunity for an owner/user to locate their business at the beach with great visibility and access. Each unit has separate electric and AC
Investment highlights
This retail center currently has gross income of $69,340 with the opportunity to be well over $100K. Rental rates in this neighborhood are closer to $40 per s.f.
Listing Contacts
Listed by Keller Williams Realty Atlantic Partners Southside
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