622 CASSAT AVE, Jacksonville, FL 32205
622 CASSAT AVE, Jacksonville, FL 32205
622 CASSAT AVE, Jacksonville, FL 32205
622 CASSAT AVE, Jacksonville, FL 32205
622 CASSAT AVE, Jacksonville, FL 32205
622 CASSAT AVE, Jacksonville, FL 32205
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Norluxe Realty

Norluxe Realty

+1(470) 223-1981
$ 2,550,000
Est. payment | /mo

12,639 SqFt

Save
$ 2,550,000
Est. payment | /mo
Save

12,639 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 12,639 sqft

Price per Sqft $201

MLS Listing ID 2170495

Year Built 1985

Annual Tax Amount $23,328

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type Retail

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Fully leased multi-tenant retail asset strategically positioned at the intersection of I-10 and Cassat Avenue in West Jacksonville. The approximately 12,236 SF property is 100% occupied by seven tenants, providing investors with a diversified and established income stream from day one. Property generates approximately $171,109 in annual NOI, representing an attractive 6.70% cap rate. The property benefits from excellent visibility and accessibility along Cassat Avenue, immediately adjacent to the I-10 interchange. I-10 carries approximately 136,000 vehicles per day, providing significant exposure and convenient connectivity to Downtown Jacksonville, surrounding employment centers, and the greater Jacksonville market. A prominent pylon sign along Cassat Avenue further enhances tenant visibility and identification.

Location

State FL

County Duval

Area 052-Lakeshore

Direction From I-10 W, take the Cassat Ave exit. Turn left onto Cassat. Property will be on the right.

Exterior

Parking Features Parking Lot, Unassigned

Private Pool No

Building

Lot Description Corner Lot

Others

Tax ID 0602410000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by PETRA MANAGEMENT INC. • ELIAS HIONIDES
Nearby Locations
Norluxe Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(470) 223-1981

info@norluxerealty.com

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622 CASSAT AVE