5428 CLEVELAND RD, Jacksonville, FL 32209
5428 CLEVELAND RD, Jacksonville, FL 32209
5428 CLEVELAND RD, Jacksonville, FL 32209
5428 CLEVELAND RD, Jacksonville, FL 32209
5428 CLEVELAND RD, Jacksonville, FL 32209
5428 CLEVELAND RD, Jacksonville, FL 32209
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$ 999,900
Est. payment | /mo

9,000 SqFt


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$ 999,900
Est. payment | /mo
Save

9,000 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $111

MLS Listing ID 2165198

HOA Y/N No

Year Built 1959

Annual Tax Amount $8,423

Lot Size 0.630 Acres

Acres 0.63

Property Sub-Type Retail

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

INVESTMENT OPPORTUNITY WITH 10%+ PROJECTED CAP RATE

Excellent opportunity to acquire an income-producing commercial property at 5428 Cleveland Road in Jacksonville. The property offers diversified revenue streams, with current income from established laundry and cash-checking tenants, plus upside from a new restaurant planned to open in the coming months.

The property is projected to generate a 10%+ capitalization rate, offering an attractive combination of current income and future revenue potential. The diversified tenant mix helps reduce reliance on a single income source while positioning the property for continued cash-flow growth as the restaurant becomes operational.

Location

State FL

County Duval

Area 075-Trout River/College Park/Ribault Manor

Direction From I-95, take Kings Rd to W 45th St, right onto Cleveland property on the right.

Exterior

Parking Features Additional Parking

Private Pool No

Building

Lot Description Few Trees

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 0301000000

Listed by NORTH FLORIDA REALTY ADVISORS • STANLEY H BISHOP

NEARBY SCHOOLS & PROPERTIES

Windy Keene

"People Before Property"

 

+1(904) 463-4662

windy@roundtablerealty.com

1637 Race Track Rd suite 100, Johns, Florida 32259

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5428 CLEVELAND RD