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Automotive - Retail 2973 Phillips Hwy 2,000 SF Retail Building Jacksonville, FL 32207 $619,000 ($309.50/SF) 4.86% Cap Rate
INVESTMENT HIGHLIGHTS
- PRIME CORNER LOCATION
EXECUTIVE SUMMARY
*** PRICE REDUCTION ***
Welcome to a lucrative investment prospect! This commercial property boasts an established service garage business, presenting an excellent chance for investors or entrepreneurs seeking a turnkey operation. *** ALL PARCEL BOUNDRY LINES ARE ESTIMATED LINES ONLY ***
* Please contact Geo directly for any listing information.
* Property currently used by owner
* Seller may entertain Seller Financing with 50% down… let’s talk!!!
Welcome to a lucrative investment prospect! This commercial property boasts an established service garage business, presenting an excellent chance for investors or entrepreneurs seeking a turnkey operation. *** ALL PARCEL BOUNDRY LINES ARE ESTIMATED LINES ONLY ***
* Please contact Geo directly for any listing information.
* Property currently used by owner
* Seller may entertain Seller Financing with 50% down… let’s talk!!!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$30,000
|
$15.00
|
| Other Income |
$6,000
|
$3.00
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$18.00
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $15.00 |
| Other Income | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $3.00 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $18.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,000 SF
Building Class
C
Year Built
1941
Price
$619,000
Price Per SF
$309.50
Cap Rate
4.86%
NOI
$30,078
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
CCG-2 - Commercial Community/General.
Parking
5 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
119’ on Phillips Hwy
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Owner/User
- -
- 1,671 SF
- $18.00
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Owner/User | - | 1,671 SF | $18.00 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 130395-0000 | Improvements Assessment | $47,938 (2025) |
| Land Assessment | $96,879 (2025) | Total Assessment | $144,817 (2025) |
PROPERTY TAXES
Parcel Number
130395-0000
Land Assessment
$96,879 (2025)
Improvements Assessment
$47,938 (2025)
Total Assessment
$144,817 (2025)
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