Shopping Strip

Shoppes of Ortega

6355-6361 103rd Street, Jacksonville, FL 32210

Listing Price: $1,000,000

Cap Rate
7.07%
Gross SF
4,273
Rentable SF
4,273
Price/Gross SF
$234.03
Lot Size
1.50 acres
Year Built
1958

Investment Overview

Marcus and Millichap is pleased to bring to market Ortega Business Park. The offering is a 100 percent occupied, 4,800 square feet, traditional street front neighborhood center constructed in 1958 and renovated in 2009. There is just one tenant that has leased out the 4,800 square feet center and has just signed a five year term January 2019. The property is highly visible and well positioned on a 1.47 Acre parcel one half mile from Interstate 295. Additionally as a value add component, the available acreage in the rear for development is approximately .98 Acres and currently has an approved CCG-1 allowing for an additional 11,000 square feet retail. The Westside of Jacksonville is experiencing tremendous business and residential growth and this a unique opportunity for redevelopment with an anchor tenant already at site.

Investment Highlights

  • Approximately One and Half Acres on Major Retail Artery
  • Located Half Mile From Interstate 295
  • National Tenant Anchor
  • Located at Signalized Corner
  • Additional Land For Development Available
  • CCg 1 Zoning

Exclusively Listed By

Financing By

Listing Price: $1,000,000

Cap Rate
7.07%
Gross SF
4,273
Rentable SF
4,273
Price/Gross SF
$234.03
Lot Size
1.50 acres
Year Built
1958

Investment Highlights

  • Approximately One and Half Acres on Major Retail Artery
  • Located Half Mile From Interstate 295
  • National Tenant Anchor
  • Located at Signalized Corner
  • Additional Land For Development Available
  • CCg 1 Zoning

Investment Overview

Marcus and Millichap is pleased to bring to market Ortega Business Park. The offering is a 100 percent occupied, 4,800 square feet, traditional street front neighborhood center constructed in 1958 and renovated in 2009. There is just one tenant that has leased out the 4,800 square feet center and has just signed a five year term January 2019. The property is highly visible and well positioned on a 1.47 Acre parcel one half mile from Interstate 295. Additionally as a value add component, the available acreage in the rear for development is approximately .98 Acres and currently has an approved CCG-1 allowing for an additional 11,000 square feet retail. The Westside of Jacksonville is experiencing tremendous business and residential growth and this a unique opportunity for redevelopment with an anchor tenant already at site.

Exclusively Listed By

Financing By

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