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1703-1705 N Main St
Jacksonville, FL 32206
Retail Property For Sale
Investment Highlights
- Great exposure
- Strong income
- Value-add
Executive Summary
Excellent buy-and-hold mixed-use investment.
Two buildings on the same folio. A mixed-use, value-add, two-story building on the corner of Main and 7th Street with an additional retail, one-story building directly behind it, facing 7th Street. Both buildings comprise more than 12,000 sq ft.
Tulua Bistro occupies the first floor of 1703 N Main St. Tenant has recently exercised their first option and renewed their lease through 2030. Tenant has been in place since 2022, with a considerable investment in their build-out.
The second floor has 5 apartments, four 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath. Four units are currently rented.
One-story building in the back is roughly 1,500 sq ft, currently leased NNN with yearly increases and renewal option.
Investment highlights
Excellent location on the corner of Main and 7th in Springfield, Jacksonville, FL. Strong demand due to growth and proximity to downtown Jacksonville.
Two buildings on the same folio. A mixed-use, value-add, two-story building on the corner of Main and 7th Street with an additional retail, one-story building directly behind it, facing 7th Street. Both buildings comprise more than 12,000 sq ft.
Tulua Bistro occupies the first floor of 1703 N Main St. Tenant has recently exercised their first option and renewed their lease through 2030. Tenant has been in place since 2022, with a considerable investment in their build-out.
The second floor has 5 apartments, four 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath. Four units are currently rented.
One-story building in the back is roughly 1,500 sq ft, currently leased NNN with yearly increases and renewal option.
Investment highlights
Excellent location on the corner of Main and 7th in Springfield, Jacksonville, FL. Strong demand due to growth and proximity to downtown Jacksonville.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,288 SF
Building Class
C
Year Built
1945
Price
$3,100,000
Price Per SF
$252.28
Cap Rate
4.50%
NOI
$139,500
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.41
Lot Size
0.20 AC
Zoning
CCG-S - Commercial Community General - Springfield
Frontage
Property Taxes
| Parcel Number | 071644-0000 | Improvements Assessment | $635,869 |
| Land Assessment | $439,131 | Total Assessment | $1,075,000 |
Property Taxes
Parcel Number
071644-0000
Land Assessment
$439,131
Improvements Assessment
$635,869
Total Assessment
$1,075,000
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1703-1705 N Main St
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