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1320-1322 University Blvd N 1,320 SF 50% Leased Retail Building Jacksonville, FL 32211 $248,000 ($187.88/SF) 6.85% Cap Rate
Investment Highlights
- Ideal for a small business ready to stop leasing and start building equity, with built-in rental income
- Positioned between Matthews Bridge, College Park retail center & Jacksonville University
- ±1,300 SF | Two Units
- NEW restrooms, storefront windows & recent system upgrades
- One unit leased through Jan. 1, 2028 | One unit available for occupancy
- High-visibility corridor | Across from Wawa
Executive Summary
1320 University Blvd N | Jacksonville, FL 32211 | ±1,300 SF | Dual-Unit Retail CCG-2 Building
Seize a rare owner-user opportunity located at 1320-1322 University Boulevard North, sited between the Matthews Bridge, College Park retail center and Jacksonville University, with a high-traffic Wawa directly across the street.
The property features two units: one currently occupied with a lease in place through January 1, 2028, providing immediate income, while the second unit is vacant and ready for owner occupancy. This setup makes it an ideal acquisition for a small business ready to stop leasing and start building equity , with built-in rental income to help offset carrying costs from day one.
Zoned CCG-2 — the most flexible commercial zoning classification
Recent capital improvements include brand-new restrooms, storefront windows and system upgrades, meaning less deferred maintenance and a move-in-ready profile.
Highlights:
• ±1,300 SF | Two Units
• CCG-2 Zoning (Most Flexible Classification)
• One unit leased through Jan. 1, 2028 | One unit available for occupancy
• New restrooms, storefront windows & recent system upgrades
• Positioned between Matthews Bridge, College Park retail center & Jacksonville University
• High-visibility corridor | Across from Wawa
Seize a rare owner-user opportunity located at 1320-1322 University Boulevard North, sited between the Matthews Bridge, College Park retail center and Jacksonville University, with a high-traffic Wawa directly across the street.
The property features two units: one currently occupied with a lease in place through January 1, 2028, providing immediate income, while the second unit is vacant and ready for owner occupancy. This setup makes it an ideal acquisition for a small business ready to stop leasing and start building equity , with built-in rental income to help offset carrying costs from day one.
Zoned CCG-2 — the most flexible commercial zoning classification
Recent capital improvements include brand-new restrooms, storefront windows and system upgrades, meaning less deferred maintenance and a move-in-ready profile.
Highlights:
• ±1,300 SF | Two Units
• CCG-2 Zoning (Most Flexible Classification)
• One unit leased through Jan. 1, 2028 | One unit available for occupancy
• New restrooms, storefront windows & recent system upgrades
• Positioned between Matthews Bridge, College Park retail center & Jacksonville University
• High-visibility corridor | Across from Wawa
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,320 SF
Building Class
C
Year Built
1950
Price
$248,000
Price Per SF
$187.88
Cap Rate
6.85%
NOI
$17,000
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.05 AC
Zoning
CCG-2
Frontage
45’ on University Blvd N
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 141194-0000 | Improvements Assessment | $126,002 |
| Land Assessment | $19,298 | Total Assessment | $145,300 |
Property Taxes
Parcel Number
141194-0000
Land Assessment
$19,298
Improvements Assessment
$126,002
Total Assessment
$145,300
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1320-1322 University Blvd N